Clearview Wealth Advisors LLC Lowers Stock Holdings in General Mills, Inc. (NYSE:GIS)

Clearview Wealth Advisors LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,026 shares of the company’s stock after selling 202 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in General Mills were worth $255,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GIS. JPL Wealth Management LLC grew its position in General Mills by 7.2% during the second quarter. JPL Wealth Management LLC now owns 38,507 shares of the company’s stock valued at $2,436,000 after acquiring an additional 2,599 shares during the last quarter. Massachusetts Wealth Management boosted its stake in shares of General Mills by 1.0% in the 2nd quarter. Massachusetts Wealth Management now owns 19,759 shares of the company’s stock valued at $1,250,000 after purchasing an additional 200 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of General Mills by 58.4% during the 2nd quarter. Ritholtz Wealth Management now owns 17,665 shares of the company’s stock valued at $1,117,000 after purchasing an additional 6,510 shares during the last quarter. Claro Advisors LLC raised its position in General Mills by 6.9% in the 2nd quarter. Claro Advisors LLC now owns 4,076 shares of the company’s stock worth $258,000 after purchasing an additional 263 shares during the period. Finally, Essex Financial Services Inc. lifted its stake in General Mills by 112.7% in the second quarter. Essex Financial Services Inc. now owns 6,675 shares of the company’s stock worth $422,000 after purchasing an additional 3,537 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Up 1.3 %

Shares of NYSE GIS traded up $0.93 during mid-day trading on Friday, hitting $72.29. 3,645,786 shares of the stock traded hands, compared to its average volume of 2,912,838. The company has a market cap of $40.24 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 4.09 and a beta of 0.09. The stock has a fifty day moving average price of $66.81 and a 200-day moving average price of $67.53. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $74.45. 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 earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.85 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. Research analysts anticipate that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GIS. Bank of America reduced their price objective on General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. JPMorgan Chase & Co. reduced their price target on General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Wells Fargo & Company lowered their price objective on General Mills from $70.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Thursday, June 27th. Finally, Barclays decreased their target price on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.71.

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.