MADDEN SECURITIES Corp lifted its position in General Mills, Inc. (NYSE:GIS – Free Report) by 137.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,070 shares of the company’s stock after buying an additional 23,780 shares during the quarter. MADDEN SECURITIES Corp’s holdings in General Mills were worth $1,429,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in General Mills in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of General Mills during the 4th quarter worth $26,000. Brown Shipley& Co Ltd acquired a new position in shares of General Mills during the 1st quarter worth $26,000. Bruce G. Allen Investments LLC raised its holdings in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. Finally, Main Street Group LTD bought a new position in shares of General Mills during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 75.71% of the company’s stock.
General Mills Stock Performance
NYSE:GIS opened at $39.23 on Friday. The firm has a market capitalization of $20.93 billion, a PE ratio of -217.90 and a beta of -0.03. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The firm’s fifty day simple moving average is $36.10 and its 200 day simple moving average is $37.97.
General Mills Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.2%. General Mills’s dividend payout ratio is presently -1,355.56%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on GIS shares. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a report on Wednesday. BNP Paribas Exane boosted their price target on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Barclays reduced their price target on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Finally, Stifel Nicolaus lowered their price objective on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $39.16.
Get Our Latest Research Report on General Mills
About General Mills
General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.
Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.
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