Profund Advisors LLC Cuts Position in General Mills, Inc. $GIS

Profund Advisors LLC lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 21.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,120 shares of the company’s stock after selling 1,976 shares during the quarter. Profund Advisors LLC’s holdings in General Mills were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Garde Capital Inc. lifted its position in shares of 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 buying an additional 264 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in General Mills in the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in General Mills during the first quarter worth $37,000. Pingora Partners LLC lifted its holdings in General Mills by 416.7% during the first quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares in the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new stake in shares of General Mills in the second quarter valued at about $32,000. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Up 1.8%

GIS stock opened at $47.33 on Friday. The firm’s 50 day moving average price is $48.80 and its 200-day moving average price is $50.93. 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 firm has a market cap of $25.25 billion, a PE ratio of 8.95, a PEG ratio of 1.17 and a beta of -0.04. General Mills, Inc. has a one year low of $45.80 and a one year high of $67.40.

General Mills (NYSE:GIS) last announced 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. 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 company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 EPS. On average, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, October 10th. General Mills’s dividend payout ratio (DPR) is 46.12%.

Wall Street Analysts Forecast Growth

GIS has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reduced their target price on General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, September 18th. Mizuho decreased their target price on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. 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 report on Thursday, September 18th. Finally, Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Four equities 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.82.

Insider Buying and Selling 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 shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the sale, the insider directly owned 66,593 shares in the company, valued at $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.