4,015 Shares in General Mills, Inc. $GIS Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC purchased a new position in General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,015 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garde Capital Inc. boosted its stake 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. GKV Capital Management Co. Inc. acquired a new stake in General Mills during the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in General Mills during the 1st quarter worth $37,000. Pingora Partners LLC grew its position in shares of 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 purchasing an additional 500 shares in the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of General Mills in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GIS. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho lowered their price target on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Zacks Research raised 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 shares of General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. Finally, Jefferies Financial Group lowered their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $55.82.

Insider Activity at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction 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 directly owned 66,593 shares in the company, valued at $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

General Mills Trading Down 0.1%

NYSE GIS opened at $46.40 on Wednesday. The firm’s 50-day moving average is $49.18 and its two-hundred day moving average is $51.36. General Mills, Inc. has a 12 month low of $45.94 and a 12 month high of $68.74. 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 stock has a market capitalization of $24.75 billion, a P/E ratio of 8.77, a PEG ratio of 1.17 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. General Mills’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Friday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

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.