4,768 Shares in General Mills, Inc. $GIS Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,768 shares of the company’s stock, valued at approximately $247,000.

A number of other large investors have also recently modified their holdings of the business. Conning Inc. boosted its position in shares of General Mills by 4.6% during the 1st quarter. Conning Inc. now owns 4,212 shares of the company’s stock valued at $252,000 after acquiring an additional 185 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of General Mills by 0.4% during the 1st quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company’s stock valued at $3,127,000 after acquiring an additional 185 shares during the last quarter. Eastern Bank boosted its position in shares of General Mills by 0.8% during the 1st quarter. Eastern Bank now owns 24,817 shares of the company’s stock valued at $1,484,000 after acquiring an additional 186 shares during the last quarter. SPC Financial Inc. boosted its position in shares of General Mills by 1.5% during the 1st quarter. SPC Financial Inc. now owns 13,452 shares of the company’s stock valued at $804,000 after acquiring an additional 193 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. boosted its position in shares of General Mills by 5.0% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,184 shares of the company’s stock valued at $217,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of General Mills stock opened at $46.65 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. The business’s 50 day simple moving average is $49.29 and its two-hundred day simple moving average is $51.55. The stock has a market capitalization of $24.88 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.17 and a beta of -0.03. General Mills, Inc. has a one year low of $46.21 and a one year high of $68.89.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. Analysts forecast 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 paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s payout ratio is 46.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GIS shares. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Barclays dropped their price target on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Mizuho decreased their price objective on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 19th. Finally, Morgan Stanley decreased their price objective on General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.82.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the transaction, the insider directly owned 66,593 shares of the company’s stock, valued at $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

About General Mills

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.