Advisory Alpha LLC Raises Stake in General Mills, Inc. $GIS

Advisory Alpha LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,380 shares of the company’s stock after purchasing an additional 467 shares during the period. Advisory Alpha LLC’s holdings in General Mills were worth $590,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Amalgamated Bank boosted its position in shares of General Mills by 0.8% in the 1st quarter. Amalgamated Bank now owns 108,484 shares of the company’s stock worth $6,486,000 after buying an additional 832 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of General Mills by 11.5% in the 1st quarter. New York State Teachers Retirement System now owns 438,299 shares of the company’s stock worth $26,206,000 after buying an additional 45,235 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in shares of General Mills by 9.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 15,976 shares of the company’s stock worth $967,000 after buying an additional 1,389 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Mills in the 1st quarter worth about $34,000. Finally, Mather Group LLC. boosted its position in shares of General Mills by 389.0% in the 1st quarter. Mather Group LLC. now owns 21,267 shares of the company’s stock worth $1,272,000 after buying an additional 16,918 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GIS shares. Morgan Stanley decreased their price objective on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Mizuho decreased their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Bernstein Bank decreased their price objective on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, September 18th. Finally, UBS Group decreased their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a research report on Thursday, September 18th. Four equities 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 company. According to data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus target price of $55.82.

General Mills Trading Down 3.1%

NYSE GIS opened at $46.54 on Thursday. The company has a market cap of $24.83 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.21 and a beta of -0.03. General Mills, Inc. has a 12 month low of $46.46 and a 12 month high of $68.89. 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 company has a 50-day moving average of $49.42 and a 200-day moving average of $51.71.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) 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 firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. General Mills’s revenue was down 6.8% compared to the same quarter last year. As a group, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. General Mills’s 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.