Toth Financial Advisory Corp Sells 7,236 Shares of General Mills, Inc. $GIS

Key Points

• Toth Financial Advisory Corp has reduced its stake in General Mills by 11.3%, now holding 57,053 shares worth approximately $2.96 million as per its recent 13F filing.
• General Mills has announced an increase in its quarterly dividend to $0.61 per share, which reflects an annualized yield of 4.8%.
• While analysts have mixed ratings on General Mills, the stock currently has a consensus "Hold" rating with a target price of around $58.13.

Toth Financial Advisory Corp reduced its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,053 shares of the company's stock after selling 7,236 shares during the period. Toth Financial Advisory Corp's holdings in General Mills were worth $2,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Garde Capital Inc. boosted its holdings 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 buying an additional 264 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after purchasing an additional 211 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in General Mills in the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of General Mills in the first quarter worth about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of General Mills in the first quarter valued at approximately $37,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group decreased their price objective on General Mills from $49.00 to $47.00 and set a "sell" rating for the company in a research report on Thursday. Bank of America lowered their price target on General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $45.00 price objective (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group downgraded General Mills from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $58.13.

General Mills Stock Performance

Shares of NYSE:GIS traded up $0.56 during trading on Friday, reaching $50.41. 15,033,316 shares of the company's stock traded hands, compared to its average volume of 6,365,710. General Mills, Inc. has a 12 month low of $48.29 and a 12 month high of $75.33. The stock has a market capitalization of $26.89 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 1.27 and a beta of -0.02. The company has a 50 day moving average of $49.78 and a 200-day moving average of $53.72. 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 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. General Mills's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 EPS. On average, equities analysts expect 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 was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 4.8%. This is a boost from General Mills's previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. General Mills's dividend payout ratio 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.