Capital Management Associates Inc Purchases Shares of 451,154 General Mills, Inc. $GIS

Capital Management Associates Inc purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 451,154 shares of the company’s stock, valued at approximately $23,374,000. General Mills comprises 7.4% of Capital Management Associates Inc’s investment portfolio, making the stock its 4th biggest holding. Capital Management Associates Inc owned 0.08% of General Mills at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GIS. Garde Capital Inc. boosted its stake in shares of 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 buying an additional 264 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of General Mills in the second quarter worth about $32,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Mills in the first quarter worth about $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of General Mills in the first quarter worth about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of General Mills in the first quarter worth about $37,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $49.76 on Thursday. General Mills, Inc. has a one year low of $48.29 and a one year high of $72.71. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market cap of $26.54 billion, a PE ratio of 9.41, a P/E/G ratio of 1.29 and a beta of -0.03. The stock has a 50 day moving average price of $49.77 and a 200 day moving average price of $52.87.

General Mills (NYSE:GIS) last posted its quarterly 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 firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research note on Wednesday. Wells Fargo & Company set a $53.00 target price on General Mills and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. Bernstein Bank lowered their price target on General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. Four investment 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, General Mills currently has a consensus rating of “Hold” and a consensus target price of $55.82.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.