Forza Wealth Management LLC Boosts Stock Holdings in General Mills, Inc. $GIS

Forza Wealth Management LLC grew its position in shares of General Mills, Inc. (NYSE:GIS) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,028 shares of the company’s stock after purchasing an additional 560 shares during the quarter. Forza Wealth Management LLC’s holdings in General Mills were worth $623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GIS. GAMMA Investing LLC grew its stake in General Mills by 6,607.0% in the 1st quarter. GAMMA Investing LLC now owns 1,171,705 shares of the company’s stock valued at $70,056,000 after acquiring an additional 1,154,235 shares during the period. Rhumbline Advisers grew its stake in General Mills by 5.4% in the 1st quarter. Rhumbline Advisers now owns 1,186,047 shares of the company’s stock valued at $70,914,000 after acquiring an additional 60,480 shares during the period. Czech National Bank grew its stake in General Mills by 5.2% in the 1st quarter. Czech National Bank now owns 126,606 shares of the company’s stock valued at $7,570,000 after acquiring an additional 6,236 shares during the period. NBC Securities Inc. grew its stake in General Mills by 103,955.0% in the 1st quarter. NBC Securities Inc. now owns 20,811 shares of the company’s stock valued at $1,244,000 after acquiring an additional 20,791 shares during the period. Finally, Merit Financial Group LLC grew its stake in General Mills by 1.1% in the 1st quarter. Merit Financial Group LLC now owns 31,689 shares of the company’s stock valued at $1,895,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on GIS shares. Bernstein Bank lowered their target price on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a research note on Thursday, September 18th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $55.82.

Insider Transactions at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the sale, the insider directly owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

General Mills Trading Up 1.5%

Shares of GIS stock opened at $50.42 on Wednesday. The company’s 50-day moving average price is $49.77 and its 200-day moving average price is $53.21. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.25 and a beta of -0.02. General Mills, Inc. has a twelve month low of $48.29 and a twelve month high of $74.85.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. General Mills’s revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. As a group, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, October 10th. General Mills’s payout ratio is 46.12%.

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.