Pathway Financial Advisers LLC Purchases 174 Shares of General Mills, Inc. (NYSE:GIS)

Pathway Financial Advisers LLC increased its holdings in General Mills, Inc. (NYSE:GIS) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,789 shares of the company’s stock after purchasing an additional 174 shares during the period. Pathway Financial Advisers LLC’s holdings in General Mills were worth $428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aveo Capital Partners LLC purchased a new position in General Mills during the 4th quarter valued at approximately $213,000. TFO Wealth Partners LLC increased its holdings in shares of General Mills by 22,610.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,271 shares of the company’s stock worth $148,000 after buying an additional 2,261 shares during the last quarter. Scotia Capital Inc. raised its position in shares of General Mills by 29.1% during the 4th quarter. Scotia Capital Inc. now owns 8,372 shares of the company’s stock valued at $545,000 after buying an additional 1,886 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of General Mills by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 948,783 shares of the company’s stock valued at $61,804,000 after acquiring an additional 4,201 shares during the last quarter. Finally, NEOS Investment Management LLC increased its stake in General Mills by 37.8% during the fourth quarter. NEOS Investment Management LLC now owns 8,219 shares of the company’s stock worth $535,000 after acquiring an additional 2,253 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GIS. Evercore ISI decreased their price target on General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. Stifel Nicolaus raised their target price on shares of General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Wells Fargo & Company upped their price target on shares of General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Barclays raised their price objective on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group assumed coverage on General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 target price for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average target price of $72.73.

General Mills Stock Performance

NYSE:GIS opened at $73.85 on Tuesday. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $75.90. The company has a 50 day moving average price of $71.08 and a 200 day moving average price of $68.93. The stock has a market capitalization of $41.22 billion, a P/E ratio of 17.13, a PEG ratio of 3.82 and a beta of 0.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s dividend payout ratio is currently 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.