Alpine Woods Capital Investors LLC Has $3.66 Million Stake in General Mills, Inc. (NYSE:GIS)

Alpine Woods Capital Investors LLC grew its position in General Mills, Inc. (NYSE:GIS - Free Report) by 25.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,217 shares of the company's stock after purchasing an additional 12,337 shares during the period. Alpine Woods Capital Investors LLC's holdings in General Mills were worth $3,660,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the fourth quarter valued at about $30,000. Transce3nd LLC acquired a new stake in General Mills during the 4th quarter valued at $32,000. VSM Wealth Advisory LLC bought a new position in shares of General Mills in the fourth quarter valued at about $32,000. Perkins Coie Trust Co raised its stake in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after acquiring an additional 211 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in General Mills in the 1st quarter worth approximately $34,000. Institutional investors own 75.71% of the company's stock.

General Mills Trading Up 0.5%

General Mills stock traded up $0.24 during mid-day trading on Friday, hitting $51.60. 4,847,039 shares of the company's stock were exchanged, compared to its average volume of 4,709,702. The company's 50 day simple moving average is $53.49 and its 200-day simple moving average is $57.41. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $27.99 billion and a P/E ratio of 12.59. General Mills, Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company 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 company's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. On average, equities analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.61 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 4.73%. This is a positive change from General Mills's previous quarterly dividend of $0.60. General Mills's payout ratio is presently 59.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GIS. JPMorgan Chase & Co. lowered their target price on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Wall Street Zen upgraded General Mills from a "sell" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada upgraded shares of General Mills from a "sector perform" rating to an "outperform" rating and cut their target price for the company from $67.00 to $63.00 in a research report on Thursday, June 26th. Morgan Stanley reaffirmed an "underweight" rating and issued a $51.00 target price (down previously from $53.00) on shares of General Mills in a research note on Tuesday, June 24th. Finally, Mizuho dropped their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $59.73.

About General Mills

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.