Capital Advisors Inc. OK Grows Stock Position in General Mills, Inc. (NYSE:GIS)

Capital Advisors Inc. OK boosted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 4.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 456,916 shares of the company's stock after buying an additional 17,650 shares during the period. Capital Advisors Inc. OK owned 0.08% of General Mills worth $27,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC purchased a new position in General Mills in the 4th quarter worth approximately $30,000. Transce3nd LLC bought a new position in shares of General Mills during the fourth quarter worth $32,000. VSM Wealth Advisory LLC purchased a new position in General Mills during the fourth quarter valued at $32,000. Perkins Coie Trust Co increased its holdings in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in General Mills in the 1st quarter worth $34,000. 75.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GIS has been the topic of several research reports. Wells Fargo & Company set a $53.00 target price on General Mills and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Mizuho reduced their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Barclays lowered their target price on 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. Royal Bank Of Canada raised 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 report on Thursday, June 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $59.73.

General Mills Trading Down 2.6%

NYSE GIS traded down $1.36 during trading on Monday, hitting $51.79. The stock had a trading volume of 8,130,036 shares, compared to its average volume of 4,666,401. General Mills, Inc. has a one year low of $50.19 and a one year high of $75.90. The stock has a 50 day simple moving average of $53.93 and a 200 day simple moving average of $57.83. The stock has a market capitalization of $28.09 billion and a price-to-earnings ratio of 12.63. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%. General Mills's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Sell-side analysts predict 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 issued a $0.61 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.71%. This is a boost from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is currently 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.