J2 Capital Management Inc Has $355,000 Stock Holdings in General Mills, Inc. $GIS

J2 Capital Management Inc raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,846 shares of the company’s stock after purchasing an additional 203 shares during the quarter. J2 Capital Management Inc’s holdings in General Mills were worth $355,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group downgraded General Mills from a “buy” rating to a “neutral” rating and dropped their price target for the company from $68.00 to $58.00 in a research note on Monday, June 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $45.00 price target (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Stifel Nicolaus decreased their target price on General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Finally, 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. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.82.

General Mills Stock Performance

General Mills stock opened at $50.73 on Thursday. The stock has a market cap of $27.06 billion, a PE ratio of 9.59, a P/E/G ratio of 1.27 and a beta of -0.03. 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 business’s 50-day moving average price is $49.76 and its two-hundred day moving average price is $53.19. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $74.43.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. As a group, analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, October 10th. General Mills’s payout ratio is 46.12%.

Insider Buying and Selling at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’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 sale, the insider directly owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

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.