Promethos Capital LLC Has $2.49 Million Position in General Mills, Inc. (NYSE:GIS)

Promethos Capital LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 129.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,350 shares of the company’s stock after acquiring an additional 22,210 shares during the period. Promethos Capital LLC’s holdings in General Mills were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GIS. Rise Advisors LLC raised its stake in General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after acquiring an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC grew 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 purchasing an additional 336 shares during the last quarter. Fortis Group Advisors LLC increased its position in General Mills by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. RFP Financial Group LLC lifted its stake in General Mills by 66.3% in the 1st 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 boosted its position 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 in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

Shares of GIS opened at $74.90 on Friday. The firm has a market cap of $41.81 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $75.90. The business’s 50 day moving average price is $69.69 and its two-hundred day moving average price is $68.44. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65.

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

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.60 per share. 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. This represents a $2.40 annualized dividend and a dividend yield of 3.20%. General Mills’s payout ratio is currently 55.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GIS shares. Barclays cut their price target on General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, June 28th. Piper Sandler boosted their target price on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI decreased 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. Citigroup lifted their price target on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $71.93.

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.