General Mills, Inc. $GIS Stock Holdings Cut by Lion Street Advisors LLC

Lion Street Advisors LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,076,434 shares of the company’s stock after selling 643 shares during the quarter. General Mills accounts for approximately 16.9% of Lion Street Advisors LLC’s portfolio, making the stock its largest holding. Lion Street Advisors LLC owned about 0.20% of General Mills worth $55,770,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Perpetual Ltd grew its holdings in shares of General Mills by 3.5% during the first quarter. Perpetual Ltd now owns 5,411 shares of the company’s stock worth $324,000 after purchasing an additional 184 shares in the last quarter. Conning Inc. boosted its stake in General Mills by 4.6% in the first quarter. Conning Inc. now owns 4,212 shares of the company’s stock worth $252,000 after buying an additional 185 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in General Mills by 0.4% in the first quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company’s stock worth $3,127,000 after buying an additional 185 shares in the last quarter. Eastern Bank boosted its stake in General Mills by 0.8% in the first quarter. Eastern Bank now owns 24,817 shares of the company’s stock worth $1,484,000 after buying an additional 186 shares in the last quarter. Finally, SPC Financial Inc. boosted its stake in General Mills by 1.5% in the first quarter. SPC Financial Inc. now owns 13,452 shares of the company’s stock worth $804,000 after buying an additional 193 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

Shares of GIS stock opened at $49.37 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a fifty-two week low of $48.29 and a fifty-two week high of $72.55. The stock has a 50 day moving average price of $49.78 and a two-hundred day moving average price of $52.66. The company has a market capitalization of $26.33 billion, a P/E ratio of 9.33, a PEG ratio of 1.24 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The business’s revenue was down 6.8% on a year-over-year basis. Analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, October 10th. General Mills’s dividend payout ratio is currently 46.12%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GIS. Wells Fargo & Company set a $53.00 target price on General Mills and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. HSBC cut their target price on General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Mizuho cut their target price on General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, September 19th. Morgan Stanley cut their target price on General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and an average target price of $55.82.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the transaction, the insider owned 66,593 shares in the company, valued at $3,332,313.72. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate 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.