General Mills, Inc. $GIS Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 73.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,089 shares of the company’s stock after selling 264,377 shares during the quarter. Los Angeles Capital Management LLC’s holdings in General Mills were worth $4,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Garde Capital Inc. raised its holdings in 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 purchasing an additional 264 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in shares of General Mills in the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of General Mills in the first quarter valued at approximately $37,000. Pingora Partners LLC raised its stake in shares of General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. Finally, Armstrong Advisory Group Inc. purchased a new position in shares of General Mills during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s 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 transaction, the insider owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on GIS. Barclays cut their price target on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, September 19th. HSBC cut their target price on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Jefferies Financial Group reduced their price target on shares of General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Finally, Bernstein Bank reduced their target price on General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, September 18th. Four equities research 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 MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.82.

General Mills Trading Up 2.0%

GIS opened at $46.89 on Monday. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.17 and a beta of -0.04. The company’s 50 day simple moving average is $49.02 and its two-hundred day simple moving average is $51.12. General Mills, Inc. has a 1-year low of $45.80 and a 1-year high of $67.40. 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 (NYSE:GIS) last posted 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. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

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 $0.61 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.2%. General Mills’s dividend payout ratio (DPR) is 46.12%.

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.