Mercer Global Advisors Inc. ADV Purchases 7,602 Shares of General Mills, Inc. (NYSE:GIS)

Mercer Global Advisors Inc. ADV lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,598 shares of the company’s stock after purchasing an additional 7,602 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in General Mills were worth $15,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC lifted its holdings in General Mills by 199.3% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares during the period. Capital Advisors Ltd. LLC raised 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. Fortis Group Advisors LLC lifted its stake in shares of General Mills by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after acquiring an additional 229 shares during the period. RFP Financial Group LLC boosted its holdings in General Mills by 66.3% in the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after acquiring an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co increased its position in General Mills by 769.2% during 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 period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Down 0.1 %

Shares of NYSE GIS opened at $74.90 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $75.90. The stock has a market capitalization of $41.81 billion, a P/E ratio of 17.38, a P/E/G ratio of 3.86 and a beta of 0.10. The company has a 50-day moving average price of $69.69 and a 200-day moving average price of $68.44.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. On average, equities research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a $0.60 dividend. This is a positive change 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 dividend yield of 3.20%. General Mills’s dividend payout ratio is presently 55.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GIS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Thursday. Piper Sandler increased their price target on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Argus restated a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus increased their price target on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday. One equities research 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 company currently has an average rating of “Hold” and a consensus price target of $71.93.

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 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.