Lindenwold Advisors INC Buys 747 Shares of General Mills, Inc. $GIS

Lindenwold Advisors INC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,412 shares of the company’s stock after purchasing an additional 747 shares during the quarter. Lindenwold Advisors INC’s holdings in General Mills were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Garde Capital Inc. lifted its position in shares of General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after purchasing an additional 264 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of General Mills during the second quarter worth $32,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Mills during the first quarter worth $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of General Mills during the first quarter worth $34,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of General Mills during the first quarter worth $37,000. 75.71% of the stock is currently owned by institutional investors.

Insider Transactions at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was 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 accessible through this hyperlink. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

GIS has been the subject of several recent research reports. Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from $67.00 to $63.00 in a report on Thursday, June 26th. Barclays decreased their price objective on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a 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 for the company in a report on Thursday, September 18th. 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 report on Thursday, September 18th. Finally, Mizuho decreased their price objective on General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 19th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.82.

General Mills Price Performance

GIS opened at $49.37 on Friday. The business’s 50-day moving average is $49.78 and its two-hundred day moving average is $52.75. General Mills, Inc. has a 1 year low of $48.29 and a 1 year high of $72.55. 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 firm has a market capitalization of $26.33 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.24 and a beta of -0.03.

General Mills (NYSE:GIS) last posted 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 return on equity of 23.46% and a net margin of 15.24%.The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. Research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, October 10th. General Mills’s 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.