Delaney Dennis R Has $743,000 Position in General Mills, Inc. (NYSE:GIS)

Delaney Dennis R trimmed its position in General Mills, Inc. (NYSE:GIS) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,750 shares of the company’s stock after selling 1,000 shares during the quarter. Delaney Dennis R’s holdings in General Mills were worth $743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of General Mills by 16.3% during the first quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock worth $4,219,113,000 after buying an additional 8,444,312 shares during the period. Capital Research Global Investors lifted its position in shares of General Mills by 22.3% during the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after acquiring an additional 2,488,341 shares during the period. Capital World Investors boosted its position in shares of General Mills by 7.6% during the 4th quarter. Capital World Investors now owns 7,074,884 shares of the company’s stock worth $460,858,000 after acquiring an additional 501,717 shares in the last quarter. Dimensional Fund Advisors LP grew its position in General Mills by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock valued at $342,478,000 after acquiring an additional 148,235 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of General Mills by 7.4% in the 1st quarter. Nordea Investment Management AB now owns 5,362,663 shares of the company’s stock valued at $376,459,000 after acquiring an additional 369,628 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GIS. Wells Fargo & Company lifted their target price on shares of General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Evercore ISI reduced their price objective on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Bank of America increased their target price on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, June 27th. Finally, Stifel Nicolaus lowered their price objective on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.60.

General Mills Stock Up 0.7 %

GIS stock opened at $74.99 on Thursday. The firm has a market capitalization of $41.86 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 3.86 and a beta of 0.10. The company’s 50 day moving average price is $69.45 and its 200 day moving average price is $68.40. 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, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the company posted $1.09 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that General Mills, Inc. will post 4.5 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. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. General Mills’s dividend payout ratio is 55.68%.

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.