Nations Financial Group Inc. IA ADV Purchases 1,103 Shares of General Mills, Inc. (NYSE:GIS)

Nations Financial Group Inc. IA ADV lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,496 shares of the company’s stock after acquiring an additional 1,103 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in General Mills were worth $474,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in General Mills by 7.4% in the fourth quarter. International Assets Investment Management LLC now owns 7,862 shares of the company’s stock valued at $512,000 after acquiring an additional 539 shares during the last quarter. Choreo LLC lifted its stake in shares of General Mills by 58.5% in the 4th quarter. Choreo LLC now owns 11,738 shares of the company’s stock valued at $765,000 after purchasing an additional 4,334 shares during the period. Mission Wealth Management LP boosted its position in shares of General Mills by 11.0% in the 4th quarter. Mission Wealth Management LP now owns 12,938 shares of the company’s stock worth $843,000 after purchasing an additional 1,277 shares during the last quarter. Brighton Jones LLC grew its stake in shares of General Mills by 14.1% during the fourth quarter. Brighton Jones LLC now owns 7,233 shares of the company’s stock worth $471,000 after purchasing an additional 894 shares during the period. Finally, Savant Capital LLC increased its holdings in General Mills by 0.9% in the fourth quarter. Savant Capital LLC now owns 24,401 shares of the company’s stock valued at $1,590,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GIS shares. Mizuho reduced their target price on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. The Goldman Sachs Group started coverage on shares of General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. Citigroup decreased their price objective on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Evercore ISI lowered their target price on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $69.71.

General Mills Stock Up 1.3 %

Shares of General Mills stock traded up $0.93 during trading on Friday, reaching $72.29. The stock had a trading volume of 3,610,418 shares, compared to its average volume of 3,954,824. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $40.35 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 3.83 and a beta of 0.09. The stock has a fifty day moving average price of $66.71 and a two-hundred day moving average price of $67.43. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $74.45.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that General Mills, Inc. will post 4.49 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a $0.60 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.32%. This is an increase from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is 55.68%.

General Mills 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.