Mutual Advisors LLC Increases Stake in General Mills, Inc. $GIS

Key Points

• Mutual Advisors LLC increased its stake in General Mills, Inc. by 40.1% during the 2nd quarter, now holding 87,856 shares valued at approximately $4.49 million.
• General Mills recently declared a quarterly dividend of $0.61 per share, which equates to an annualized yield of 5.1%.
• Analysts have mixed ratings on General Mills, with four analysts rating it as a Buy, while others have issued underweight ratings and lowered their price targets, indicating a cautious outlook for the stock.

Mutual Advisors LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 40.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,856 shares of the company's stock after buying an additional 25,144 shares during the period. Mutual Advisors LLC's holdings in General Mills were worth $4,487,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GIS. GAMMA Investing LLC increased its stake in General Mills by 12.2% during the 1st quarter. GAMMA Investing LLC now owns 19,597 shares of the company's stock worth $1,172,000 after buying an additional 2,127 shares during the period. Exchange Traded Concepts LLC increased its stake in General Mills by 20.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 17,377 shares of the company's stock worth $1,039,000 after buying an additional 2,991 shares during the period. Mission Wealth Management LP increased its stake in General Mills by 2.7% during the 1st quarter. Mission Wealth Management LP now owns 15,017 shares of the company's stock worth $898,000 after buying an additional 388 shares during the period. Grove Bank & Trust increased its stake in General Mills by 23.1% during the 1st quarter. Grove Bank & Trust now owns 4,747 shares of the company's stock worth $284,000 after buying an additional 892 shares during the period. Finally, Inscription Capital LLC purchased a new stake in General Mills during the 1st quarter worth approximately $500,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on GIS shares. Morgan Stanley lowered their price target on shares of General Mills from $49.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, September 15th. Wall Street Zen upgraded shares of General Mills from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Bernstein Bank lowered their price target on shares of General Mills from $55.00 to $54.00 and set a "market perform" rating for the company in a report on Thursday, September 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $45.00 price target (down previously from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Finally, Mizuho lowered their price target on shares of General Mills from $57.00 to $52.00 and set a "neutral" rating for the company in a report on Friday, September 19th. Four research analysts have rated the stock with a Buy rating, thirteen have given 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 an average target price of $55.82.

General Mills Trading Down 1.6%

Shares of General Mills stock opened at $47.80 on Thursday. The company has a fifty day simple moving average of $49.72 and a 200-day simple moving average of $52.53. General Mills, Inc. has a 12-month low of $47.71 and a 12-month high of $71.48. 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 stock has a market cap of $25.49 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.22 and a beta of -0.03.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The company's revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.61 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a yield of 5.1%. General Mills's dividend payout ratio is 46.12%.

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.

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.