Sienna Gestion Has $4.74 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Sienna Gestion raised its position in General Mills, Inc. (NYSE:GIS) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 74,882 shares of the company’s stock after acquiring an additional 757 shares during the period. Sienna Gestion’s holdings in General Mills were worth $4,735,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aveo Capital Partners LLC bought a new stake in General Mills during the 4th quarter valued at $213,000. Brown Advisory Inc. increased its position in shares of General Mills by 4.2% during the fourth quarter. Brown Advisory Inc. now owns 23,449 shares of the company’s stock worth $1,527,000 after acquiring an additional 949 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of General Mills in the 4th quarter worth about $713,000. Coldstream Capital Management Inc. lifted its position in General Mills by 9.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,092 shares of the company’s stock valued at $723,000 after acquiring an additional 977 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in General Mills by 45.3% during the 4th quarter. Clearbridge Investments LLC now owns 20,055 shares of the company’s stock valued at $1,306,000 after purchasing an additional 6,255 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 0.7 %

Shares of GIS stock opened at $74.99 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The firm has a market cap of $41.86 billion, a P/E ratio of 17.40, a PEG ratio of 3.86 and a beta of 0.10. The company has a 50 day moving average of $69.45 and a 200-day moving average of $68.40. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. General Mills’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Sell-side analysts anticipate that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a $0.60 dividend. 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 yield of 3.20%. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s payout ratio is currently 55.68%.

Analyst Ratings Changes

Several brokerages have recently commented on GIS. Barclays lowered their price objective on General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Bank of America increased their price target on General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Argus reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Stifel Nicolaus reduced their target price on shares of General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. Finally, The Goldman Sachs Group initiated coverage on shares of General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.60.

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.