Wincap Financial LLC Has $998,000 Stock Position in General Mills, Inc. $GIS

Wincap Financial LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,259 shares of the company’s stock after buying an additional 1,412 shares during the period. Wincap Financial LLC’s holdings in General Mills were worth $998,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Garde Capital Inc. lifted its position in General Mills by 101.5% during the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in General Mills during the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new position in General Mills during the 1st quarter valued at about $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in General Mills during the 1st quarter valued at about $37,000. Finally, Pingora Partners LLC lifted its position in General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

NYSE GIS opened at $48.29 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. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 1.20 and a beta of -0.03. The business has a 50 day simple moving average of $49.51 and a 200 day simple moving average of $51.86. General Mills, Inc. has a 52-week low of $47.27 and a 52-week high of $68.96.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. Analysts anticipate 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. Shareholders of record on Friday, October 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, October 10th. General Mills’s dividend payout ratio (DPR) is 46.12%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GIS shares. Bernstein Bank cut their target price on shares of 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. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Barclays lowered their price target on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, September 19th. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.82.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider directly owned 66,593 shares in the company, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

General Mills Company 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.