Frank Rimerman Advisors LLC Raises Position in General Mills, Inc. $GIS

Frank Rimerman Advisors LLC grew its position in shares of General Mills, Inc. (NYSE:GIS) by 111.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,453 shares of the company’s stock after acquiring an additional 9,192 shares during the period. Frank Rimerman Advisors LLC’s holdings in General Mills were worth $904,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Garde Capital Inc. grew its stake in 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 purchasing an additional 264 shares during the period. Armstrong Advisory Group Inc. bought a new stake in shares of General Mills during the 2nd quarter valued at $32,000. GKV Capital Management Co. Inc. bought a new stake in shares of General Mills during the 1st quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of General Mills in the 1st quarter worth about $37,000. Finally, Pingora Partners LLC increased its stake in shares of General Mills by 416.7% in the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the transaction, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $47.74 on Wednesday. The firm has a market cap of $25.47 billion, a P/E ratio of 9.03, a PEG ratio of 1.17 and a beta of -0.04. General Mills, Inc. has a twelve month low of $45.80 and a twelve month high of $67.40. 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 50 day moving average of $48.62 and a 200 day moving average of $50.68.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the business posted $1.07 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. As a group, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

Analysts Set New Price Targets

Several research firms recently commented on GIS. Mizuho dropped their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. Wall Street Zen raised General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Bernstein Bank cut their price target on 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. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Finally, Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.82.

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.