General Mills, Inc. (NYSE:GIS) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc raised its holdings in General Mills, Inc. (NYSE:GIS) by 9.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 938,096 shares of the company’s stock after acquiring an additional 77,843 shares during the period. TD Asset Management Inc owned approximately 0.17% of General Mills worth $59,344,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC grew its position in shares of General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after purchasing an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares in the last quarter. RFP Financial Group LLC increased its stake in shares of General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after acquiring an additional 173 shares during the last quarter. Perkins Coie Trust Co raised its holdings in shares of General Mills by 769.2% during the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares during the period. Finally, GoalVest Advisory LLC boosted its position in shares of General Mills by 65.5% during the 1st quarter. GoalVest Advisory LLC now owns 455 shares of the company’s stock valued at $32,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.8 %

Shares of GIS stock opened at $75.08 on Friday. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $75.54. The company has a 50 day moving average price of $67.64 and a 200 day moving average price of $67.85. The stock has a market capitalization of $41.91 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 4.09 and a beta of 0.09. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that General Mills, Inc. will post 4.49 EPS for the current fiscal year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.60 per share. This is an increase from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.20%. General Mills’s dividend payout ratio is 55.68%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GIS shares. Mizuho cut their price objective 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, July 3rd. Citigroup reduced their price target on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Argus reiterated a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. Stifel Nicolaus reduced their target price on General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, June 27th. Finally, Sanford C. Bernstein upgraded General Mills from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $62.00 to $70.00 in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.56.

About General Mills

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.