13,770 Shares in General Mills, Inc. $GIS Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,770 shares of the company’s stock, valued at approximately $713,000.

Several other institutional investors also recently bought and sold shares of GIS. Charles Schwab Investment Management Inc. lifted its holdings in shares of General Mills by 434.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after acquiring an additional 15,480,835 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of General Mills during the first quarter worth about $279,570,000. Pacer Advisors Inc. boosted its position in shares of General Mills by 4,775.2% in the first quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company’s stock worth $205,916,000 after buying an additional 3,373,338 shares during the period. Nuveen LLC acquired a new stake in shares of General Mills in the first quarter valued at about $92,717,000. Finally, Federated Hermes Inc. raised its holdings in shares of General Mills by 178.1% during the 1st quarter. Federated Hermes Inc. now owns 1,520,449 shares of the company’s stock valued at $90,908,000 after buying an additional 973,798 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Trading Down 1.1%

NYSE GIS opened at $47.42 on Friday. The company has a market capitalization of $25.30 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 1.20 and a beta of -0.03. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a 12 month low of $47.27 and a 12 month high of $68.96. The company’s fifty day moving average price is $49.53 and its two-hundred day moving average price is $51.97.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the business earned $1.07 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company 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 $0.61 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.1%. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GIS shares. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Mizuho reduced their target price on shares of 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 decreased their target price on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research note on Saturday. Finally, HSBC decreased their price objective on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, September 18th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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 on Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares of the company’s stock, valued at $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.