General Mills, Inc. $GIS Shares Purchased by Clarius Group LLC

Clarius Group LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,426 shares of the company’s stock after buying an additional 659 shares during the quarter. Clarius Group LLC’s holdings in General Mills were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garde Capital Inc. increased its position in General Mills by 101.5% during 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 last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Mills during the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of General Mills during the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of General Mills in the 1st quarter worth $37,000. Finally, Pingora Partners LLC raised its position 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 buying an additional 500 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $50.18 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a 1 year low of $48.29 and a 1 year high of $73.74. The firm’s 50-day simple moving average is $49.74 and its 200-day simple moving average is $52.91. The firm has a market cap of $26.77 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 1.27 and a beta of -0.03.

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

General Mills Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 4.9%. General Mills’s dividend payout ratio is 46.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group dropped their price target on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Morgan Stanley decreased their target price on General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, September 15th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. The Goldman Sachs Group downgraded shares of General Mills from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Finally, Jefferies Financial Group lowered their price target on General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a report on Monday, September 8th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.82.

Insider Buying and Selling at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.