Gallacher Capital Management LLC Invests $639,000 in General Mills, Inc. (NYSE:GIS)

Gallacher Capital Management LLC purchased a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,694 shares of the company's stock, valued at approximately $639,000.

A number of other institutional investors have also made changes to their positions in GIS. Los Angeles Capital Management LLC increased its stake in General Mills by 178.8% in the first quarter. Los Angeles Capital Management LLC now owns 358,466 shares of the company's stock valued at $21,433,000 after acquiring an additional 229,902 shares during the period. Optimist Retirement Group LLC raised its stake in shares of General Mills by 34.7% during the first quarter. Optimist Retirement Group LLC now owns 33,078 shares of the company's stock worth $1,978,000 after buying an additional 8,523 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of General Mills by 4.1% during the first 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 period. J.W. Cole Advisors Inc. increased its position 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 buying an additional 10,640 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. raised its holdings in shares of General Mills by 3.0% during the first quarter. Signet Investment Advisory Group Inc. now owns 17,694 shares of the company's stock worth $1,058,000 after acquiring an additional 521 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on GIS shares. Barclays decreased 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. Bank of America decreased their price target on General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Wall Street Zen upgraded General Mills from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. UBS Group decreased their target price on shares of General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a research note on Thursday, June 26th. Finally, The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and cut their price target for the company from $68.00 to $58.00 in a research note on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, General Mills has an average rating of "Hold" and an average price target of $59.73.

General Mills Price Performance

Shares of NYSE:GIS traded up $0.37 during trading on Wednesday, reaching $51.32. 4,559,258 shares of the company traded hands, compared to its average volume of 4,764,698. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. General Mills, Inc. has a 52 week low of $49.04 and a 52 week high of $75.90. The firm has a market capitalization of $27.84 billion and a PE ratio of 12.52. The company's 50 day moving average is $53.05 and its two-hundred day moving average is $56.94.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The firm had revenue of $4.56 billion for 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 company's revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.61 dividend. This is a boost from General Mills's previous quarterly dividend of $0.60. This represents a $2.44 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, July 10th. General Mills's dividend payout ratio is 59.51%.

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.