Dumont & Blake Investment Advisors LLC Has $1.44 Million Position in General Mills, Inc. $GIS

Dumont & Blake Investment Advisors LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 50.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,841 shares of the company’s stock after buying an additional 9,370 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in General Mills were worth $1,442,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Garde Capital Inc. raised its position in shares of General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after acquiring an additional 264 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of General Mills in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. bought a new position in shares of General Mills in the 1st quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of General Mills in the 1st quarter worth about $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 acquiring an additional 500 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Transactions at General Mills

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada raised General Mills from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Mizuho reduced their target price on General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $45.00 target price (down from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average price target of $55.82.

General Mills Price Performance

GIS stock opened at $48.48 on Friday. The company has a market capitalization of $25.86 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.22 and a beta of -0.03. 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 52-week low of $47.48 and a 52-week high of $70.60. The business has a 50-day simple moving average of $49.65 and a two-hundred day simple moving average of $52.32.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. 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. Shareholders of record on Friday, October 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. General Mills’s payout ratio is 46.12%.

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.