60,926 Shares in General Mills, Inc. (NYSE:GIS) Bought by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. purchased a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 60,926 shares of the company's stock, valued at approximately $3,643,000.

Other institutional investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills in the fourth quarter worth approximately $30,000. Transce3nd LLC purchased a new position in shares of General Mills in the fourth quarter worth approximately $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 raised its stake in General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in General Mills during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GIS. Citigroup lowered their price target on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Bank of America lowered their target price on General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Jefferies Financial Group lifted their target price on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 10th. The Goldman Sachs Group cut General Mills from a "buy" rating to a "neutral" rating and lowered their target price for the company from $68.00 to $58.00 in a research note on Monday, June 9th. Finally, Mizuho lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.73.

General Mills Stock Down 1.3%

GIS stock traded down $0.70 during trading hours on Friday, hitting $53.13. The company's stock had a trading volume of 3,595,895 shares, compared to its average volume of 4,652,483. 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 company has a market capitalization of $28.82 billion and a PE ratio of 12.96. General Mills, Inc. has a 12 month low of $50.19 and a 12 month high of $75.90. The stock has a 50 day moving average price of $53.93 and a two-hundred day moving average price of $57.87.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) 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 analysts' expectations of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. General Mills's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. On average, equities research analysts expect 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. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, July 10th. This is an increase from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio is 58.54%.

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.