HBW Advisory Services LLC Purchases 196 Shares of General Mills, Inc. (NYSE:GIS)

HBW Advisory Services LLC lifted its position in General Mills, Inc. (NYSE:GIS) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,000 shares of the company’s stock after purchasing an additional 196 shares during the quarter. HBW Advisory Services LLC’s holdings in General Mills were worth $2,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GIS. SG Americas Securities LLC lifted its holdings in General Mills by 142.1% in the 3rd quarter. SG Americas Securities LLC now owns 254,510 shares of the company’s stock worth $18,796,000 after buying an additional 149,367 shares during the period. Curbstone Financial Management Corp boosted its holdings in General Mills by 3.3% in the third quarter. Curbstone Financial Management Corp now owns 8,864 shares of the company’s stock valued at $655,000 after acquiring an additional 280 shares in the last quarter. Czech National Bank increased its position in General Mills by 5.4% during the 3rd quarter. Czech National Bank now owns 113,389 shares of the company’s stock valued at $8,374,000 after purchasing an additional 5,808 shares during the period. Trust Co. of Toledo NA OH raised its holdings in General Mills by 6.0% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 34,084 shares of the company’s stock worth $2,517,000 after purchasing an additional 1,935 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. boosted its stake in shares of General Mills by 17.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 5,747 shares of the company’s stock valued at $424,000 after purchasing an additional 840 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the transaction, the insider now owns 128,664 shares in the company, valued at $9,571,314.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the transaction, the insider now owns 128,664 shares of the company’s stock, valued at $9,571,314.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Mizuho reduced their price target on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Barclays upped their target price on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Evercore ISI dropped their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. Finally, Argus reissued a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. 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’s stock. Based on data from MarketBeat, General Mills currently has a consensus rating of “Hold” and an average target price of $72.73.

General Mills Trading Up 0.5 %

GIS traded up $0.33 during trading on Friday, reaching $73.37. The company had a trading volume of 1,217,287 shares, compared to its average volume of 3,954,943. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The business has a 50 day simple moving average of $71.60 and a 200-day simple moving average of $69.04. The stock has a market cap of $40.95 billion, a P/E ratio of 16.99, a PEG ratio of 3.82 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.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Thursday, October 10th. General Mills’s dividend payout ratio is 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.