General Mills, Inc. (NYSE:GIS) Stake Increased by Brookstone Capital Management

Brookstone Capital Management lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 865.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,568 shares of the company's stock after buying an additional 172,618 shares during the quarter. Brookstone Capital Management's holdings in General Mills were worth $11,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC purchased a new stake in shares of General Mills in the fourth quarter worth about $30,000. Perkins Coie Trust Co raised its holdings 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 worth $31,000 after acquiring an additional 211 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in General Mills during the fourth quarter valued at about $32,000. Transce3nd LLC acquired a new stake in General Mills during the fourth quarter worth about $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in General Mills during the first quarter valued at approximately $34,000. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Down 2.6%

General Mills stock traded down $1.36 on Monday, hitting $51.79. 4,557,197 shares of the stock traded hands, compared to its average volume of 4,653,198. The business's fifty day simple moving average is $53.93 and its 200 day simple moving average is $57.83. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The firm has a market cap of $28.09 billion and a P/E ratio of 12.67. General Mills, Inc. has a 1 year low of $50.19 and a 1 year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last released its 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 business had revenue of $4.56 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.01 earnings per share. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share 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. This represents a $2.44 dividend on an annualized basis and a yield of 4.71%. This is a boost from General Mills's previous quarterly dividend of $0.60. The ex-dividend date is Thursday, July 10th. General Mills's dividend payout ratio (DPR) is presently 58.54%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group reduced 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. Mizuho lowered 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 note on Thursday, March 20th. Wall Street Zen lowered General Mills from a "hold" rating to a "sell" rating in a report on Friday, June 27th. 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 research report on Thursday, June 26th. Finally, Citigroup reduced their target price on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.