Mount Yale Investment Advisors LLC Increases Stock Position in General Mills, Inc. (NYSE:GIS)

Mount Yale Investment Advisors LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,258 shares of the company’s stock after purchasing an additional 746 shares during the period. Mount Yale Investment Advisors LLC’s holdings in General Mills were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GIS. Rise Advisors LLC boosted its position 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 buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of General Mills by 409.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. Fortis Group Advisors LLC grew 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 raised its holdings in shares of General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its position in General Mills by 769.2% during the first 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 own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GIS shares. 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 note on Wednesday, July 3rd. Argus reiterated a “hold” rating on shares of General Mills in a research report on Tuesday, July 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 report on Friday. Evercore ISI reduced their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. Finally, Citigroup raised their price objective on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.73.

General Mills Stock Down 0.4 %

Shares of GIS stock opened at $74.19 on Tuesday. 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 one year low of $60.33 and a one year high of $75.90. The company’s fifty day moving average price is $70.14 and its 200-day moving average price is $68.63. The company has a market capitalization of $41.41 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.86 and a beta of 0.10.

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

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.24%. This is an increase from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s dividend payout ratio is presently 55.68%.

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.