Creative Planning Purchases 63,213 Shares of General Mills, Inc. $GIS

Creative Planning increased its position in General Mills, Inc. (NYSE:GIS) by 39.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,170 shares of the company’s stock after purchasing an additional 63,213 shares during the quarter. Creative Planning’s holdings in General Mills were worth $11,511,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC boosted its stake in General Mills by 32.4% in the first quarter. Kestra Private Wealth Services LLC now owns 42,992 shares of the company’s stock valued at $2,570,000 after acquiring an additional 10,529 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of General Mills by 98.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 21,493 shares of the company’s stock valued at $1,285,000 after purchasing an additional 10,640 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of General Mills by 4.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 42,895 shares of the company’s stock worth $2,564,000 after purchasing an additional 1,693 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of General Mills by 3.3% in the 1st quarter. KLP Kapitalforvaltning AS now owns 607,718 shares of the company’s stock worth $36,335,000 after purchasing an additional 19,400 shares during the last quarter. Finally, M. Kulyk & Associates LLC grew its stake in shares of General Mills by 9.3% during the first quarter. M. Kulyk & Associates LLC now owns 83,477 shares of the company’s stock worth $4,991,000 after purchasing an additional 7,071 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction 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 directly owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Mizuho cut their target price on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. UBS Group lowered their price target on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Morgan Stanley decreased their price objective on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.82.

General Mills Stock Up 1.6%

Shares of General Mills stock opened at $47.74 on Wednesday. The company has a market capitalization of $25.47 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.17 and a beta of -0.04. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. The business has a 50-day moving average of $48.62 and a two-hundred day moving average of $50.68. General Mills, Inc. has a 1 year low of $45.80 and a 1 year high of $67.40.

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 business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.General Mills’s quarterly revenue was down 6.8% compared to the same quarter last year. 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 EPS for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.1%. General Mills’s dividend payout ratio is currently 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.