General Mills, Inc. (NYSE:GIS) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,257 shares of the company’s stock after buying an additional 632 shares during the quarter. Blair William & Co. IL’s holdings in General Mills were worth $8,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC raised its position in General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after acquiring an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 336 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in shares of General Mills by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. RFP Financial Group LLC raised its holdings in shares of General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after purchasing an additional 173 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its stake in General Mills by 769.2% during the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Trading Down 0.5 %

Shares of NYSE:GIS opened at $74.51 on Friday. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $75.90. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $41.59 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. The firm has a fifty day moving average of $69.92 and a two-hundred day moving average of $68.51.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

Analysts Set New Price Targets

GIS has been the topic of several recent research reports. Evercore ISI decreased their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research report on Friday, June 28th. TD Cowen lifted their target price on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler upped their target price on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup increased their price target on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America boosted their price objective on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.73.

About General Mills

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.