Capital Advisors Inc. OK Purchases 115,954 Shares of General Mills, Inc. $GIS

Key Points

• Capital Advisors Inc. OK increased its stake in General Mills, Inc. by 25.4% to a total of 572,870 shares, valued at approximately $29.68 million.
• General Mills recently reported quarterly earnings of $0.86 per share, surpassing expectations, despite a 6.8% decline in revenue year-over-year to $4.52 billion.
• The company announced a quarterly dividend of $0.61 per share, representing a 4.8% dividend yield, with the payment date set for November 3rd.

Capital Advisors Inc. OK grew its position in General Mills, Inc. (NYSE:GIS - Free Report) by 25.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 572,870 shares of the company's stock after purchasing an additional 115,954 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.11% of General Mills worth $29,680,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Garde Capital Inc. boosted its stake in shares of General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company's stock valued at $27,000 after purchasing an additional 264 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Mills during the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of General Mills during the 1st quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of General Mills during the 1st quarter valued at $37,000. Finally, Pingora Partners LLC lifted its position in shares of General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company's stock valued at $37,000 after acquiring an additional 500 shares during the period. 75.71% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the sale, the insider owned 66,593 shares in the company, valued at $3,332,313.72. This represents a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

General Mills Stock Performance

GIS opened at $50.38 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company's fifty day moving average price is $49.73 and its two-hundred day moving average price is $52.97. General Mills, Inc. has a 1-year low of $48.29 and a 1-year high of $73.78. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.27 and a beta of -0.03.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The business's revenue was down 6.8% on a year-over-year basis. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 4.8%. General Mills's dividend payout ratio is presently 46.12%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of research reports. Zacks Research upgraded shares of General Mills from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. Mizuho dropped their target price on shares of General Mills from $57.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, September 19th. Jefferies Financial Group dropped their target price on shares of General Mills from $51.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday, September 8th. Wall Street Zen upgraded shares of General Mills from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, The Goldman Sachs Group downgraded shares of General Mills from a "buy" rating to a "neutral" rating and dropped their target price for the company from $68.00 to $58.00 in a research report on Monday, June 9th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.82.

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.

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