Wincap Financial LLC Has $998,000 Stock Position in General Mills, Inc. $GIS

Wincap Financial LLC lifted its stake in General Mills, Inc. (NYSE:GIS) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,259 shares of the company’s stock after acquiring an additional 1,412 shares during the period. Wincap Financial LLC’s holdings in General Mills were worth $998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Garde Capital Inc. boosted its stake in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after buying an additional 264 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in General Mills during the second quarter worth $32,000. Smallwood Wealth Investment Management LLC acquired a new stake in General Mills during the first quarter worth $34,000. GKV Capital Management Co. Inc. acquired a new stake in General Mills during the first quarter worth $34,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in General Mills during the first quarter worth $37,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GIS shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 price target (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. UBS Group decreased their price target on shares of General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a research note on Thursday, September 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Bernstein Bank decreased their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Finally, Mizuho decreased their price target on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.82.

General Mills Stock Up 1.8%

Shares of NYSE:GIS opened at $48.29 on Tuesday. General Mills, Inc. has a 52 week low of $47.27 and a 52 week high of $68.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. The company’s fifty day moving average is $49.51 and its 200-day moving average is $51.86. The company has a market capitalization of $25.76 billion, a PE ratio of 9.13, a P/E/G ratio of 1.20 and a beta of -0.03.

General Mills (NYSE:GIS) last issued 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 net margin of 15.24% and a return on equity of 23.46%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. Equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors 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 annualized dividend and a yield of 5.1%. General Mills’s dividend payout ratio is 46.12%.

Insider Transactions at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the transaction, the insider owned 66,593 shares in the company, valued at $3,332,313.72. This represents a 5.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

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.