General Mills, Inc. (NYSE:GIS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in General Mills, Inc. (NYSE:GIS) by 4.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,072 shares of the company’s stock after selling 867 shares during the period. Brown Advisory Inc.’s holdings in General Mills were worth $1,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIS. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $30,000. Transce3nd LLC bought a new position in shares of General Mills in the fourth quarter valued at $32,000. VSM Wealth Advisory LLC purchased a new position in General Mills during the 4th quarter worth approximately $32,000. Perkins Coie Trust Co grew its position in General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in General Mills during the 1st quarter worth approximately $34,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 0.5%

Shares of NYSE:GIS opened at $51.60 on Monday. The company has a market capitalization of $27.99 billion and a PE ratio of 12.59. General Mills, Inc. has a 52-week low of $49.86 and a 52-week high of $75.90. The company has a fifty day moving average of $53.49 and a 200-day moving average of $57.41. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.01 EPS. On average, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 4.73%. This is a boost from General Mills’s previous quarterly dividend of $0.60. General Mills’s dividend payout ratio (DPR) is currently 59.51%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America lowered their price target on shares of General Mills from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. Mizuho cut their target price on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Barclays cut their target price on shares of General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, June 26th. JPMorgan Chase & Co. lowered their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group lowered General Mills from a “buy” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $58.00 in a research note on Monday, June 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, General Mills presently has a consensus rating of “Hold” and an average price target of $59.73.

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.