JB Capital LLC Acquires 1,089 Shares of General Mills, Inc. (NYSE:GIS)

JB Capital LLC lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,792 shares of the company’s stock after buying an additional 1,089 shares during the period. JB Capital LLC’s holdings in General Mills were worth $3,087,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GIS. Vanguard Group Inc. boosted its holdings in General Mills by 16.3% in the first quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock worth $4,219,113,000 after purchasing an additional 8,444,312 shares during the last quarter. Norges Bank purchased a new position in shares of General Mills in the 4th quarter worth $377,205,000. Capital Research Global Investors increased its position in General Mills by 22.3% during the first quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after acquiring an additional 2,488,341 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in General Mills by 106.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock worth $224,254,000 after purchasing an additional 1,778,345 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of General Mills by 165.6% during the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after purchasing an additional 654,550 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the topic of several recent research reports. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Wells Fargo & Company lowered their target price on General Mills from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 27th. Barclays cut their price target on General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, June 28th. Citigroup lowered their price objective on General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Finally, Evercore ISI decreased their target price on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.71.

General Mills Stock Up 0.2 %

NYSE:GIS traded up $0.16 during trading hours on Friday, reaching $70.83. The company’s stock had a trading volume of 1,929,009 shares, compared to its average volume of 3,994,833. The stock has a 50 day moving average price of $66.23 and a two-hundred day moving average price of $67.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The company has a market capitalization of $39.53 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 3.83 and a beta of 0.09. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $74.45.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.99 by $0.02. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the company posted $1.12 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts predict that General Mills, Inc. will post 4.49 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a $0.60 dividend. This is a boost from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.39%. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

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.