Everett Harris & Co. CA Has $322,000 Stake in General Mills, Inc. $GIS

Everett Harris & Co. CA boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 26.2% during the second quarter, Holdings Channel reports. The institutional investor owned 6,210 shares of the company’s stock after acquiring an additional 1,290 shares during the quarter. Everett Harris & Co. CA’s holdings in General Mills were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of General Mills by 434.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after acquiring an additional 15,480,835 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in General Mills during the first quarter worth about $279,570,000. Pacer Advisors Inc. boosted its holdings in General Mills by 4,775.2% during the first quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company’s stock valued at $205,916,000 after purchasing an additional 3,373,338 shares in the last quarter. Nuveen LLC bought a new stake in shares of General Mills in the 1st quarter valued at approximately $92,717,000. Finally, Federated Hermes Inc. raised its holdings in shares of General Mills by 178.1% in the 1st quarter. Federated Hermes Inc. now owns 1,520,449 shares of the company’s stock worth $90,908,000 after buying an additional 973,798 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley decreased their price target on General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, September 15th. Bernstein Bank reduced their target price on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Mizuho dropped their target price on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 19th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average target price of $55.82.

Insider Buying and Selling

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

General Mills Stock Down 0.4%

Shares of NYSE GIS opened at $46.48 on Thursday. General Mills, Inc. has a 12-month low of $45.80 and a 12-month high of $67.40. The firm’s 50-day simple moving average is $48.84 and its 200 day simple moving average is $50.95. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28. The company has a market cap of $24.79 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.17 and a beta of -0.04.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The company’s revenue was down 6.8% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.44 annualized dividend and a yield of 5.2%. General Mills’s dividend payout ratio is currently 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.