General Mills, Inc. $GIS Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in General Mills by 5.3% in Q2, now holding 264,925 shares worth approximately $13.7 million.
• General Mills announced a quarterly dividend of $0.61 per share, yielding 5.1%, with the payment date set for November 3rd.
• Analysts have mixed views on General Mills, with price targets reduced by firms like Morgan Stanley and Stifel Nicolaus, although a consensus rating of "Hold" is maintained.

Cwm LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 5.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 264,925 shares of the company's stock after acquiring an additional 13,450 shares during the period. Cwm LLC's holdings in General Mills were worth $13,726,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GIS. Garde Capital Inc. grew its holdings in shares of General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company's stock worth $27,000 after buying an additional 264 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Mills in the first quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of General Mills in the first quarter valued at about $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of General Mills in the first quarter valued at about $37,000. Finally, Pingora Partners LLC raised its position in shares of General Mills by 416.7% in the first quarter. Pingora Partners LLC now owns 620 shares of the company's stock valued at $37,000 after buying an additional 500 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the sale, the insider directly owned 66,593 shares in the company, valued at $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GIS shares. Morgan Stanley reduced their target price on shares of General Mills from $49.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, September 15th. Stifel Nicolaus reduced their target price on shares of General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. HSBC reduced their target price on shares of General Mills from $59.00 to $57.00 and set a "hold" rating for the company in a research report on Thursday, September 18th. Bernstein Bank reduced their target price on shares of General Mills from $55.00 to $54.00 and set a "market perform" rating for the company in a research report on Thursday, September 18th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of General Mills in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of "Hold" and a consensus target price of $55.82.

General Mills Trading Down 2.4%

Shares of GIS stock opened at $48.18 on Tuesday. General Mills, Inc. has a 1-year low of $48.13 and a 1-year high of $72.55. The firm has a market cap of $25.70 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 1.24 and a beta of -0.03. The company has a 50-day moving average of $49.76 and a two-hundred day moving average of $52.59. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period last year, the business earned $1.07 earnings per share. The business's revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.1%. General Mills's dividend payout ratio (DPR) is currently 46.12%.

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.

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.