Drucker Wealth 3.0 LLC Purchases Shares of 14,946 General Mills, Inc. $GIS

Drucker Wealth 3.0 LLC bought a new stake in General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 14,946 shares of the company’s stock, valued at approximately $765,000.

Several other large investors have also recently made changes to their positions in GIS. Garde Capital Inc. raised its position in shares of General Mills by 101.5% in the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after acquiring an additional 264 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in General Mills in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new position in General Mills in the 1st quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of General Mills during the 1st quarter worth approximately $37,000. Finally, Pingora Partners LLC raised its stake in shares of General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’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 completion of the sale, the insider directly owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIS. JPMorgan Chase & Co. restated an “underweight” rating and set a $45.00 price objective (down from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Bernstein Bank reduced their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft reduced their target price on General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, September 18th. Finally, HSBC reduced their target price on General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a report on Thursday, September 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.82.

General Mills Price Performance

General Mills stock opened at $49.37 on Friday. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $72.55. The stock has a market cap of $26.33 billion, a P/E ratio of 9.33, a PEG ratio of 1.24 and a beta of -0.03. The company has a 50-day moving average price of $49.78 and a 200 day moving average price of $52.75. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28.

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

General Mills Announces Dividend

The firm 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 dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a yield of 4.9%. General Mills’s dividend payout ratio (DPR) 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.