Brio Consultants LLC acquired a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,161 shares of the company's stock, valued at approximately $608,000.
Other large investors have also recently made changes to their positions in the company. Transce3nd LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $32,000. Perkins Coie Trust Co boosted its position in shares of General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Mills during the first quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL boosted its position in shares of General Mills by 1,096.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 598 shares of the company's stock valued at $39,000 after purchasing an additional 548 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $38,000. 75.71% of the stock is currently owned by institutional investors.
General Mills Price Performance
General Mills stock traded down $1.20 during midday trading on Monday, reaching $49.87. 5,919,162 shares of the stock traded hands, compared to its average volume of 5,684,597. The stock's fifty day moving average is $52.59 and its 200-day moving average is $56.50. General Mills, Inc. has a 12 month low of $49.04 and a 12 month high of $75.90. The stock has a market cap of $27.05 billion and a P/E ratio of 12.16. 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 (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. General Mills had a return on equity of 24.88% and a net margin of 11.78%. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm's revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.
General Mills Increases Dividend
The business also recently disclosed 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 of this dividend is Thursday, July 10th. This is an increase from General Mills's previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a yield of 4.89%. General Mills's dividend payout ratio is 59.51%.
Analysts Set New Price Targets
GIS has been the topic of several analyst reports. Bank of America dropped their target price on General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Morgan Stanley reissued an "underweight" rating and issued a $51.00 target price (down from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Royal Bank Of Canada upgraded General Mills from a "sector perform" rating to an "outperform" rating and decreased their price target for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. Wall Street Zen cut General Mills from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, UBS Group decreased their price target on General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a research note on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, General Mills has an average rating of "Hold" and a consensus target price of $59.73.
Check Out Our Latest Research Report on General Mills
General Mills Company Profile
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Free Report)
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.
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