13,770 Shares in General Mills, Inc. $GIS Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,770 shares of the company’s stock, valued at approximately $713,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kera Capital Partners Inc. purchased a new position in General Mills in the 2nd quarter valued at approximately $222,000. Victory Capital Management Inc. grew its holdings in General Mills by 7.3% in the first quarter. Victory Capital Management Inc. now owns 522,576 shares of the company’s stock valued at $31,245,000 after purchasing an additional 35,494 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of General Mills by 7.8% in the first quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company’s stock valued at $27,076,000 after buying an additional 32,628 shares in the last quarter. Rock Point Advisors LLC purchased a new position in shares of General Mills in the first quarter valued at $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of General Mills by 126.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company’s stock worth $46,285,000 after buying an additional 431,693 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the transaction, the insider owned 66,593 shares in the company, valued at $3,332,313.72. This trade represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

General Mills Trading Down 1.1%

Shares of General Mills stock opened at $47.42 on Friday. General Mills, Inc. has a fifty-two week low of $47.27 and a fifty-two week high of $68.96. The business’s fifty day moving average is $49.53 and its two-hundred day moving average is $51.97. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28. The firm has a market cap of $25.30 billion, a PE ratio of 8.96, a P/E/G ratio of 1.20 and a beta of -0.03.

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

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.1%. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

Analyst Ratings Changes

A number of brokerages recently commented on GIS. Morgan Stanley lowered their price objective on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, September 15th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 price objective (down from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. HSBC cut their price objective on General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft dropped their price target on General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, September 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.