Moran Wealth Management LLC Raises Position in General Mills, Inc. (NYSE:GIS)

Moran Wealth Management LLC boosted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,232 shares of the company's stock after purchasing an additional 5,176 shares during the period. Moran Wealth Management LLC's holdings in General Mills were worth $7,308,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Retirement Guys Formula LLC lifted its stake in General Mills by 46.4% in the first quarter. Retirement Guys Formula LLC now owns 17,244 shares of the company's stock valued at $1,033,000 after purchasing an additional 5,463 shares during the last quarter. AssuredPartners Investment Advisors LLC raised its holdings in General Mills by 88.5% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 10,689 shares of the company's stock valued at $639,000 after acquiring an additional 5,019 shares during the period. Asset Management One Co. Ltd. raised its holdings in General Mills by 1.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 353,484 shares of the company's stock valued at $21,135,000 after acquiring an additional 4,464 shares during the period. Valmark Advisers Inc. raised its holdings in General Mills by 11.7% during the 1st quarter. Valmark Advisers Inc. now owns 7,674 shares of the company's stock valued at $459,000 after acquiring an additional 802 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in General Mills by 49.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 66,126 shares of the company's stock valued at $3,954,000 after acquiring an additional 21,789 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GIS shares. Jefferies Financial Group boosted their target price on shares of General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 10th. Wells Fargo & Company set a $53.00 price target on shares of General Mills and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank Of Canada upgraded shares of General Mills from a "sector perform" rating to an "outperform" rating and cut their price target for the company from $67.00 to $63.00 in a research report on Thursday. Mizuho dropped their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $60.50.

General Mills Stock Performance

NYSE:GIS traded up $0.14 during trading hours on Friday, reaching $50.51. The company had a trading volume of 9,005,253 shares, compared to its average volume of 4,616,611. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.38. General Mills, Inc. has a 52 week low of $50.20 and a 52 week high of $75.90. The firm has a market cap of $27.84 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.26 and a beta of 0.02. The firm's 50 day moving average price is $54.34 and its 200-day moving average price is $58.36.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm's revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is currently 52.75%.

General Mills Company 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.