General Mills, Inc. (NYSE:GIS) Stock Position Raised by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its holdings in General Mills, Inc. (NYSE:GIS) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,333 shares of the company’s stock after acquiring an additional 684 shares during the period. Valeo Financial Advisors LLC’s holdings in General Mills were worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Mills in the 4th quarter worth approximately $27,000. Rise Advisors LLC boosted its holdings in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after acquiring an additional 273 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of General Mills by 409.8% during the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 336 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the 4th quarter worth about $28,000. Finally, Perkins Coie Trust Co lifted its position in General Mills by 769.2% in the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Down 0.2 %

General Mills stock opened at $63.07 on Thursday. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $77.63. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The firm has a market capitalization of $35.20 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 3.56 and a beta of 0.09. The company has a 50 day moving average price of $68.20 and a 200 day moving average price of $66.70.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the business posted $1.12 earnings per share. General Mills’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.81%. This is a boost from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio is presently 54.76%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GIS. Bank of America dropped their price target on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Wells Fargo & Company cut their target price on General Mills from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 27th. Citigroup lowered their price target on General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a report on Thursday, June 27th. Finally, Mizuho decreased their target price on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.00.

Insider Activity at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the sale, the insider now owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by company insiders.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.