Advisory Alpha LLC Increases Stock Position in General Mills, Inc. $GIS

Advisory Alpha LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,380 shares of the company’s stock after buying an additional 467 shares during the period. Advisory Alpha LLC’s holdings in General Mills were worth $590,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Kera Capital Partners Inc. purchased a new stake in General Mills during the 2nd quarter worth $222,000. Victory Capital Management Inc. boosted its position in General Mills by 7.3% during the 1st quarter. Victory Capital Management Inc. now owns 522,576 shares of the company’s stock worth $31,245,000 after purchasing an additional 35,494 shares during the period. Commonwealth Equity Services LLC boosted its position in General Mills by 7.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company’s stock worth $27,076,000 after purchasing an additional 32,628 shares during the period. Rock Point Advisors LLC purchased a new stake in General Mills during the 1st quarter worth $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in General Mills by 126.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company’s stock worth $46,285,000 after purchasing an additional 431,693 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 owned 66,593 shares in the company, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GIS shares. Mizuho decreased their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 19th. Jefferies Financial Group decreased their price objective on shares of General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $45.00 price objective (down from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Finally, Barclays decreased their price objective on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, September 19th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.82.

General Mills Stock Performance

Shares of General Mills stock opened at $46.54 on Thursday. The firm has a market cap of $24.83 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.21 and a beta of -0.03. The firm’s 50-day simple moving average is $49.42 and its 200-day simple moving average is $51.71. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a 1 year low of $46.46 and a 1 year high of $68.89.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business 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%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 EPS. Equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

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.