General Mills, Inc. $GIS Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 15.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,023 shares of the company’s stock after purchasing an additional 1,196 shares during the quarter. 180 Wealth Advisors LLC’s holdings in General Mills were worth $467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kera Capital Partners Inc. acquired a new stake in shares of General Mills during the 2nd quarter worth approximately $222,000. Victory Capital Management Inc. grew its stake in shares of General Mills by 7.3% during the 1st quarter. Victory Capital Management Inc. now owns 522,576 shares of the company’s stock worth $31,245,000 after purchasing an additional 35,494 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of General Mills by 7.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company’s stock valued at $27,076,000 after buying an additional 32,628 shares in the last quarter. Rock Point Advisors LLC purchased a new position in shares of General Mills during the 1st quarter valued at approximately $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of General Mills by 126.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company’s stock valued at $46,285,000 after buying an additional 431,693 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 1.1%

Shares of GIS stock opened at $47.42 on Friday. The stock’s fifty day moving average is $49.53 and its two-hundred day moving average is $51.97. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a market capitalization of $25.30 billion, a P/E ratio of 8.96, a PEG ratio of 1.20 and a beta of -0.03. General Mills, Inc. has a fifty-two week low of $47.27 and a fifty-two week high of $68.96.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the company earned $1.07 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. Research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s payout ratio is currently 46.12%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GIS. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. HSBC decreased their target price on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. Barclays decreased their target price on General Mills from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, September 19th. Morgan Stanley decreased their target price on General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, September 15th. Finally, Jefferies Financial Group decreased their target price on General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, September 8th. Four 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, the stock has a consensus rating of “Hold” and a consensus price target of $55.82.

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

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.