Distillate Capital Partners LLC Acquires 257,194 Shares of General Mills, Inc. (NYSE:GIS)

Distillate Capital Partners LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 130,555.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,391 shares of the company’s stock after buying an additional 257,194 shares during the quarter. Distillate Capital Partners LLC’s holdings in General Mills were worth $16,283,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC boosted its holdings in 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 acquiring an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of 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 purchasing an additional 336 shares during the last quarter. Fortis Group Advisors LLC increased its position in shares of General Mills by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after buying an additional 229 shares during the period. RFP Financial Group LLC raised its stake in General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after buying an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its holdings in General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after buying an additional 400 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $74.19 on Tuesday. The company has a market cap of $41.41 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $75.90. The business has a 50 day moving average price of $70.14 and a 200-day moving average price of $68.63.

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

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.24%. This is a boost from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GIS shares. Citigroup increased their price target on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Barclays raised their target price on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday. The Goldman Sachs Group initiated coverage on General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. Argus reiterated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Finally, TD Cowen boosted their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.73.

General Mills Company 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.