General Mills, Inc. $GIS Stake Cut by Quadrant Capital Group LLC

Quadrant Capital Group LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 75.0% during the third quarter, HoldingsChannel reports. The firm owned 28,702 shares of the company’s stock after selling 86,239 shares during the period. Quadrant Capital Group LLC’s holdings in General Mills were worth $914,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bell Bank lifted its position in shares of General Mills by 8.4% in the 3rd quarter. Bell Bank now owns 182,377 shares of the company’s stock worth $5,865,000 after purchasing an additional 14,075 shares during the period. Pinnacle Associates Ltd. increased its holdings in General Mills by 63.0% during the third quarter. Pinnacle Associates Ltd. now owns 21,067 shares of the company’s stock valued at $678,000 after buying an additional 8,146 shares during the period. Uncommon Cents Investing Inc increased its holdings in General Mills by 13.6% during the third quarter. Uncommon Cents Investing Inc now owns 10,950 shares of the company’s stock valued at $352,000 after buying an additional 1,310 shares during the period. Nisa Investment Advisors LLC raised its stake in General Mills by 14.5% in the third quarter. Nisa Investment Advisors LLC now owns 117,372 shares of the company’s stock worth $3,775,000 after buying an additional 14,866 shares in the last quarter. Finally, Capital Management Associates Inc raised its stake in General Mills by 0.4% in the third quarter. Capital Management Associates Inc now owns 123,764 shares of the company’s stock worth $3,980,000 after buying an additional 515 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Trending Headlines about General Mills

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: Expansion into high-protein snacking: General Mills has launched EPIC Sticks, a four-flavor meat-snack line made with grass-fed beef or free-range chicken. Its gluten-free, dairy-free and Paleo-friendly positioning gives the company exposure to growing demand for convenient, protein-rich snacks and could broaden EPIC’s shelf presence. How EPIC Sticks Launch At General Mills Has Changed Its Investment Story
• Positive Sentiment: Recent earnings modestly exceeded expectations: General Mills previously reported adjusted earnings of $0.75 per share versus the $0.72 consensus estimate, while revenue of $4.39 billion also topped forecasts. The stock was reported to be about 1% higher since that earnings release, although analysts are watching whether estimates support continued momentum. General Mills Up 1% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Valuation debate: Commentary suggests the stock’s roughly 38% three-year decline may have reset expectations, but investors still need evidence that General Mills can stabilize its sales base and restore growth. General Mills Stock Seems About Right On Its 38% Slide
• Negative Sentiment: Fundamental and competitive concerns remain: General Mills faces established food giants and agile snack competitors, including Chomps and PepsiCo’s Good Warrior. Revenue in the latest reported quarter declined 2.8% year over year, and commentary questioning the company’s fundamentals could limit investor enthusiasm despite new product launches. 3 Mid-Cap Stocks With Questionable Fundamentals

General Mills Trading Down 2.3%

General Mills stock opened at $34.39 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.39 and a current ratio of 0.70. The stock has a market cap of $18.39 billion, a PE ratio of -20.71, a price-to-earnings-growth ratio of 1.86 and a beta of 0.03. The stock has a 50-day moving average of $35.93 and a two-hundred day moving average of $35.55. General Mills, Inc. has a one year low of $31.17 and a one year high of $49.59.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, research analysts anticipate that General Mills, Inc. will post 3.08 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $2.44 dividend on an annualized basis and a yield of 7.1%. General Mills’s dividend payout ratio (DPR) is -146.99%.

Analyst Ratings Changes

Several analysts have issued reports on GIS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 target price on shares of General Mills in a research report on Monday, September 21st. Bank of America reissued a “neutral” rating on shares of General Mills in a research report on Thursday, September 24th. Weiss Ratings cut General Mills from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, October 14th. Barclays upped their price objective on General Mills from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $34.00 price objective (up from $33.00) on shares of General Mills in a research report on Thursday, September 24th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills presently has a consensus rating of “Reduce” and a consensus target price of $36.59.

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its portfolio includes cereal, snack foods, refrigerated and baking products, yogurt, soup, meals, and pet food. The company’s brands include Cheerios, Cinnamon Toast Crunch, Nature Valley, Betty Crocker, Pillsbury, Yoplait, Old El Paso, Progresso, Annie’s, Totino’s, Häagen-Dazs, and Blue Buffalo.

General Mills sells products through grocery stores, mass merchandisers, convenience stores, e-commerce channels, restaurants, and other foodservice outlets.