General Mills, Inc. $GIS Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 27.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 81,456 shares of the company’s stock after selling 31,524 shares during the quarter. Boston Trust Walden Corp’s holdings in General Mills were worth $4,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. bought a new stake in General Mills during the second quarter worth approximately $222,000. Victory Capital Management Inc. raised its holdings in General Mills by 7.3% during the first quarter. Victory Capital Management Inc. now owns 522,576 shares of the company’s stock worth $31,245,000 after purchasing an additional 35,494 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in General Mills by 7.8% during the first quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company’s stock worth $27,076,000 after purchasing an additional 32,628 shares in the last quarter. Rock Point Advisors LLC bought a new stake in General Mills during the first quarter worth approximately $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in General Mills by 126.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company’s stock worth $46,285,000 after purchasing an additional 431,693 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

General Mills stock opened at $47.80 on Thursday. The firm’s 50 day simple moving average is $49.72 and its 200-day simple moving average is $52.53. The company has a market cap of $25.49 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.22 and a beta of -0.03. 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, Inc. has a fifty-two week low of $47.71 and a fifty-two week high of $71.48.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GIS shares. Stifel Nicolaus dropped their target price on General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group lowered their price objective on shares of General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.82.

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.