Capital Advisors Ltd. LLC Buys 336 Shares of General Mills, Inc. (NYSE:GIS)

Capital Advisors Ltd. LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 409.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 418 shares of the company’s stock after purchasing an additional 336 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in General Mills were worth $29,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Traverso Chambers Private Wealth Management LLC increased its holdings in General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after acquiring an additional 156 shares during the last quarter. Park Place Capital Corp increased its holdings in General Mills by 40.6% in the 1st quarter. Park Place Capital Corp now owns 540 shares of the company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in General Mills by 2.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock valued at $382,000 after acquiring an additional 164 shares during the last quarter. Gulf International Bank UK Ltd increased its holdings in General Mills by 0.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 48,176 shares of the company’s stock valued at $3,370,000 after acquiring an additional 165 shares during the last quarter. Finally, Berger Financial Group Inc grew its stake in shares of General Mills by 2.5% in the 4th quarter. Berger Financial Group Inc now owns 6,937 shares of the company’s stock worth $452,000 after buying an additional 168 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of General Mills from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, June 27th. Barclays dropped their price objective on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, June 27th. Mizuho lifted their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Morgan Stanley upped their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.44.

Insider Activity at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

General Mills Stock Down 0.2 %

Shares of GIS traded down $0.13 during mid-day trading on Tuesday, hitting $63.17. The company’s stock had a trading volume of 2,941,428 shares, compared to its average volume of 4,208,648. The company’s 50-day moving average is $68.35 and its 200-day moving average is $66.72. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $77.63. The firm has a market capitalization of $35.26 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 3.57 and a beta of 0.09. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This is a boost from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.80%. General Mills’s dividend payout ratio is presently 54.76%.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.