Coston McIsaac & Partners Has $4.81 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Coston McIsaac & Partners raised its holdings in General Mills, Inc. (NYSE:GIS) by 4.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 68,758 shares of the company’s stock after acquiring an additional 2,630 shares during the period. General Mills accounts for 1.5% of Coston McIsaac & Partners’ portfolio, making the stock its 23rd largest position. Coston McIsaac & Partners’ holdings in General Mills were worth $4,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cetera Trust Company N.A acquired a new stake in shares of General Mills during the 4th quarter worth approximately $50,000. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills during the 4th quarter worth approximately $28,000. Optimist Retirement Group LLC acquired a new stake in shares of General Mills during the 4th quarter worth approximately $1,171,000. Apollon Wealth Management LLC grew its holdings in shares of General Mills by 122.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company’s stock worth $1,542,000 after purchasing an additional 13,043 shares in the last quarter. Finally, Sabal Trust CO grew its holdings in shares of General Mills by 7,817.6% during the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock worth $18,902,000 after purchasing an additional 286,514 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 0.7 %

Shares of GIS stock traded down $0.45 on Friday, reaching $63.26. 13,274,287 shares of the stock were exchanged, compared to its average volume of 4,473,323. The stock has a market cap of $35.31 billion, a PE ratio of 14.68, a P/E/G ratio of 3.01 and a beta of 0.12. General Mills, Inc. has a one year low of $60.33 and a one year high of $77.63. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.40. The stock has a 50 day moving average price of $68.51 and a 200 day moving average price of $66.75.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. Equities research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, July 10th. This is an increase from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio is currently 54.76%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup decreased their price target on General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday. Morgan Stanley boosted their price target on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday. Evercore ISI decreased their price target on General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company decreased their price target on General Mills from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.44.

Insider Activity at General Mills

In related news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.