Quilter Plc Decreases Stake in General Mills, Inc. (NYSE:GIS)

Quilter Plc lessened its position in shares of General Mills, Inc. (NYSE:GISGet Rating) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,175 shares of the company’s stock after selling 275 shares during the quarter. Quilter Plc’s holdings in General Mills were worth $1,028,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Clearview Wealth Advisors LLC increased its position in General Mills by 2.2% during the first quarter. Clearview Wealth Advisors LLC now owns 6,465 shares of the company’s stock valued at $438,000 after acquiring an additional 142 shares during the last quarter. Prospera Financial Services Inc increased its position in General Mills by 1.5% in the first quarter. Prospera Financial Services Inc now owns 9,699 shares of the company’s stock worth $657,000 after buying an additional 142 shares in the last quarter. Wealth Alliance increased its position in General Mills by 1.9% in the first quarter. Wealth Alliance now owns 7,794 shares of the company’s stock worth $528,000 after buying an additional 142 shares in the last quarter. Camden Capital LLC boosted its stake in shares of General Mills by 4.2% in the first quarter. Camden Capital LLC now owns 3,608 shares of the company’s stock worth $244,000 after acquiring an additional 145 shares during the period. Finally, BLB&B Advisors LLC boosted its stake in shares of General Mills by 2.3% in the first quarter. BLB&B Advisors LLC now owns 6,545 shares of the company’s stock worth $443,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 75.48% of the company’s stock.

General Mills Stock Performance

Shares of GIS opened at $74.42 on Thursday. The stock has a 50-day moving average of $75.98 and a two-hundred day moving average of $71.36. General Mills, Inc. has a one year low of $57.47 and a one year high of $78.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.40 and a current ratio of 0.63. The stock has a market cap of $44.33 billion, a P/E ratio of 16.84, a P/E/G ratio of 2.53 and a beta of 0.33.

General Mills (NYSE:GISGet Rating) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that General Mills, Inc. will post 3.99 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, July 7th. Shareholders of record on Friday, July 8th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s dividend payout ratio is currently 48.87%.

Insiders Place Their Bets

In other General Mills news, insider Dana M. Mcnabb sold 10,993 shares of General Mills stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total transaction of $837,226.88. Following the completion of the transaction, the insider now owns 14,884 shares in the company, valued at approximately $1,133,565.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jodi J. Benson sold 15,685 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $75.25, for a total transaction of $1,180,296.25. Following the transaction, the insider now directly owns 38,085 shares in the company, valued at approximately $2,865,896.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dana M. Mcnabb sold 10,993 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total value of $837,226.88. Following the transaction, the insider now owns 14,884 shares in the company, valued at $1,133,565.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,422 shares of company stock valued at $4,397,556. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on General Mills from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, June 30th. Credit Suisse Group set a $74.00 price objective on General Mills in a research note on Tuesday, July 19th. Morgan Stanley upped their price objective on General Mills from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Friday, July 1st. BMO Capital Markets raised their price objective on General Mills from $66.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, June 30th. Finally, Royal Bank of Canada increased their price target on General Mills from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.73.

General Mills Company Profile

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Featured Articles

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISGet Rating).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.