Integral Investment Advisors Inc. Sells 264 Shares of General Mills, Inc. (NYSE:GIS)

Integral Investment Advisors Inc. trimmed its stake in General Mills, Inc. (NYSE:GIS) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,622 shares of the company’s stock after selling 264 shares during the period. Integral Investment Advisors Inc.’s holdings in General Mills were worth $231,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC bought a new position in shares of General Mills in the fourth quarter worth approximately $27,000. Rise Advisors LLC grew its position in General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after acquiring an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in General Mills by 409.8% during the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. Fortis Group Advisors LLC grew its position in General Mills by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. Finally, RFP Financial Group LLC grew its position in General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after acquiring an additional 173 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Up 1.3 %

GIS stock traded up $0.93 on Friday, reaching $72.29. The company’s stock had a trading volume of 3,645,786 shares, compared to its average volume of 3,954,824. The business has a fifty day simple moving average of $66.71 and a two-hundred day simple moving average of $67.43. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $74.45. The firm has a market cap of $40.35 billion, a PE ratio of 16.77, a PEG ratio of 3.83 and a beta of 0.09. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.32%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, June 27th. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. 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. Sanford C. Bernstein upgraded shares of General Mills from an “underperform” rating to a “market perform” rating and increased their price target for the company from $62.00 to $70.00 in a research report on Wednesday, May 15th. Finally, Mizuho reduced their price target on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $69.71.

About General Mills

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.