General Mills, Inc. $GIS Holdings Boosted by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in General Mills, Inc. (NYSE:GIS) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,921 shares of the company’s stock after acquiring an additional 14,353 shares during the period. Brookstone Capital Management’s holdings in General Mills were worth $10,721,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of General Mills by 12.2% during the first quarter. GAMMA Investing LLC now owns 19,597 shares of the company’s stock worth $1,172,000 after buying an additional 2,127 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of General Mills by 49.1% during the first quarter. Oppenheimer & Co. Inc. now owns 66,126 shares of the company’s stock worth $3,954,000 after buying an additional 21,789 shares during the period. Valmark Advisers Inc. boosted its position in shares of General Mills by 11.7% during the first quarter. Valmark Advisers Inc. now owns 7,674 shares of the company’s stock worth $459,000 after buying an additional 802 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of General Mills by 1.3% during the first quarter. Asset Management One Co. Ltd. now owns 353,484 shares of the company’s stock worth $21,135,000 after buying an additional 4,464 shares during the period. Finally, AssuredPartners Investment Advisors LLC boosted its position in shares of General Mills by 88.5% during the first quarter. AssuredPartners Investment Advisors LLC now owns 10,689 shares of the company’s stock worth $639,000 after buying an additional 5,019 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. Barclays reduced their price objective 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. Bank of America cut their target price on General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $45.00 target price (down from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group cut their target price on General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.82.

Insider Activity

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the company’s stock in a transaction 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 owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

General Mills Stock Performance

GIS opened at $49.18 on Thursday. The company has a market capitalization of $26.23 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.22 and a beta of -0.03. General Mills, Inc. has a 1-year low of $47.48 and a 1-year high of $69.03. The business has a 50 day moving average price of $49.61 and a two-hundred day moving average price of $52.13. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last posted its quarterly 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. The company 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 firm’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. Research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal 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 issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.0%. General Mills’s dividend 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.