Aspiriant LLC Acquires Shares of 3,030 General Mills, Inc. (NYSE:GIS)

Aspiriant LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,030 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC boosted its stake in General Mills by 65.5% during the 1st quarter. GoalVest Advisory LLC now owns 455 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Elevated Capital Advisors LLC increased its position in General Mills by 8.2% in the 1st quarter. Elevated Capital Advisors LLC now owns 23,746 shares of the company’s stock valued at $1,661,000 after acquiring an additional 1,798 shares during the period. Sound Income Strategies LLC raised its stake in General Mills by 18.8% during the 1st quarter. Sound Income Strategies LLC now owns 3,576 shares of the company’s stock valued at $250,000 after acquiring an additional 565 shares during the last quarter. First Bancorp Inc ME purchased a new position in shares of General Mills in the 1st quarter valued at approximately $229,000. Finally, Dynamic Advisor Solutions LLC grew its position in General Mills by 18.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 70,285 shares of the company’s stock valued at $4,918,000 after buying an additional 10,991 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GIS. TD Cowen boosted their price target on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Morgan Stanley increased their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Royal Bank of Canada restated a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. Mizuho raised their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $77.00 price objective on shares of General Mills in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $71.94.

General Mills Price Performance

Shares of General Mills stock opened at $64.17 on Thursday. The business’s fifty day moving average price is $68.85 and its 200 day moving average price is $66.80. The stock has a market capitalization of $36.44 billion, a P/E ratio of 14.72, a PEG ratio of 3.13 and a beta of 0.12. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $82.59. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the prior year, the company earned $1.12 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, research analysts anticipate that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.60 per share. This is an increase from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.74%. General Mills’s payout ratio is 54.13%.

Insider Buying and Selling

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.