RWA Wealth Partners LLC Has $1.84 Million Stock Position in General Mills, Inc. $GIS

RWA Wealth Partners LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 4.5% in the second quarter, HoldingsChannel reports. The fund owned 35,495 shares of the company’s stock after buying an additional 1,540 shares during the period. RWA Wealth Partners LLC’s holdings in General Mills were worth $1,839,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GIS. Garde Capital Inc. raised its holdings in General Mills by 101.5% during the 2nd 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. acquired a new stake in shares of General Mills during the 2nd quarter worth approximately $32,000. GKV Capital Management Co. Inc. bought a new stake in shares of General Mills during the first quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in General Mills in the first quarter valued at approximately $37,000. Finally, Pingora Partners LLC boosted its stake in General Mills by 416.7% in the first quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $46.89 on Monday. 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 cap of $25.01 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.17 and a beta of -0.04. The stock’s 50-day moving average is $49.02 and its 200-day moving average is $51.12. General Mills, Inc. has a one year low of $45.80 and a one year high of $67.40.

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

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.2%. General Mills’s dividend payout ratio (DPR) is 46.12%.

Analyst Upgrades and Downgrades

GIS has been the subject of several recent research reports. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. HSBC lowered their price target 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. Bernstein Bank decreased their price objective on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, September 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Finally, Morgan Stanley decreased their price target on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating for the company 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $55.82.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the sale, the insider directly owned 66,593 shares in the company, valued at approximately $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 accessible through this link. Insiders own 0.30% of the company’s stock.

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.