Wilson & Boucher Capital Management LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS – Get Rating) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,829 shares of the company’s stock after selling 550 shares during the quarter. Wilson & Boucher Capital Management LLC’s holdings in General Mills were worth $1,043,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marquette Asset Management LLC bought a new stake in General Mills during the first quarter valued at $26,000. Dravo Bay LLC purchased a new position in General Mills during the first quarter valued at $27,000. Core Alternative Capital raised its position in shares of General Mills by 1,160.6% in the 1st quarter. Core Alternative Capital now owns 416 shares of the company’s stock worth $28,000 after purchasing an additional 383 shares during the last quarter. HWG Holdings LP bought a new stake in General Mills in the 4th quarter worth about $30,000. Finally, Riverview Trust Co raised its position in General Mills by 204.7% in the first quarter. Riverview Trust Co now owns 457 shares of the company’s stock worth $31,000 after acquiring an additional 307 shares during the period. Institutional investors own 75.48% of the company’s stock.
Wall Street Analysts Forecast Growth
GIS has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of General Mills from $66.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday. BMO Capital Markets raised their price objective on General Mills from $80.00 to $85.00 in a research report on Thursday. Royal Bank of Canada lifted their price objective on General Mills from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, July 1st. Bank of America lifted their target price on shares of General Mills from $74.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Mills from $81.00 to $88.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.83.
Insider Buying and Selling
General Mills Trading Down 0.5 %
Shares of NYSE GIS traded down $0.43 during mid-day trading on Friday, hitting $80.35. The stock had a trading volume of 12,323 shares, compared to its average volume of 4,072,143. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.40 and a current ratio of 0.60. General Mills, Inc. has a 1 year low of $58.85 and a 1 year high of $81.24. The business has a 50 day moving average price of $76.11 and a two-hundred day moving average price of $71.77. The firm has a market cap of $47.87 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 2.62 and a beta of 0.33.
General Mills (NYSE:GIS – Get Rating) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.72 billion. General Mills had a net margin of 15.13% and a return on equity of 23.87%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 4.06 EPS for the current fiscal year.
General Mills Dividend Announcement
The company also recently declared a dividend, which was paid on Thursday, July 7th. Investors of record on Friday, July 8th were paid a $0.54 dividend. The ex-dividend date was Thursday, July 7th. General Mills’s payout ratio is 45.47%.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
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