HB Wealth Management LLC Buys 1,748 Shares of General Mills, Inc. $GIS

HB Wealth Management LLC raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 38,145 shares of the company’s stock after buying an additional 1,748 shares during the quarter. HB Wealth Management LLC’s holdings in General Mills were worth $1,976,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GC Wealth Management RIA LLC purchased a new stake in shares of General Mills in the 2nd quarter worth about $258,000. V Square Quantitative Management LLC lifted its holdings in General Mills by 5.4% in the second quarter. V Square Quantitative Management LLC now owns 14,282 shares of the company’s stock worth $740,000 after buying an additional 728 shares during the period. Investment Advisory Services Inc. TX ADV boosted its position in General Mills by 7.9% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 22,049 shares of the company’s stock valued at $1,142,000 after acquiring an additional 1,615 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in shares of General Mills by 31.4% during the 2nd quarter. Wagner Wealth Management LLC now owns 6,931 shares of the company’s stock worth $359,000 after acquiring an additional 1,657 shares during the period. Finally, Uncommon Cents Investing LLC bought a new position in shares of General Mills in the 2nd quarter worth approximately $207,000. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Bernstein Bank decreased their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, September 18th. Wells Fargo & Company set a $53.00 price objective on shares of General Mills and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Finally, UBS Group cut their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a report on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.82.

General Mills Stock Performance

Shares of GIS stock opened at $50.32 on Friday. The company has a market capitalization of $26.84 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.28 and a beta of -0.03. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a one year low of $48.29 and a one year high of $73.78. The company’s 50-day moving average is $49.75 and its 200 day moving average is $53.12.

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

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s dividend payout ratio is presently 46.12%.

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.