Legacy Financial Advisors Inc. Buys Shares of 4,163 General Mills, Inc. (NYSE:GIS)

Legacy Financial Advisors Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,163 shares of the company’s stock, valued at approximately $263,000.

A number of other large investors have also recently bought and sold shares of the stock. Aveo Capital Partners LLC acquired a new position in General Mills in the fourth quarter valued at $213,000. Brown Advisory Inc. grew its holdings in General Mills by 4.2% in the 4th quarter. Brown Advisory Inc. now owns 23,449 shares of the company’s stock valued at $1,527,000 after buying an additional 949 shares during the period. Clearbridge Investments LLC increased its stake in shares of 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 acquiring an additional 6,255 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in shares of General Mills by 24.0% during the 4th quarter. SageView Advisory Group LLC now owns 15,615 shares of the company’s stock worth $1,020,000 after acquiring an additional 3,020 shares during the period. Finally, TCW Group Inc. boosted its position in shares of General Mills by 96.8% in the fourth quarter. TCW Group Inc. now owns 24,413 shares of the company’s stock worth $1,589,000 after acquiring an additional 12,005 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 0.5 %

NYSE GIS opened at $74.51 on Friday. The stock has a market cap of $41.59 billion, a P/E ratio of 17.29, a PEG ratio of 3.86 and a beta of 0.10. The company’s fifty day simple moving average is $69.92 and its 200-day simple moving average is $68.54. The company has a current ratio of 0.65, a quick ratio of 0.38 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.

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

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.60 per share. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s dividend payout ratio is 55.68%.

Wall Street Analyst Weigh In

GIS has been the subject of several research analyst reports. The Goldman Sachs Group assumed 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 for the company. TD Cowen upped their price objective on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. dropped their price target on General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Finally, Citigroup boosted their target price on 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 issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.