General Mills, Inc. $GIS Stake Raised by Clarius Group LLC

Clarius Group LLC lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,426 shares of the company’s stock after buying an additional 659 shares during the period. Clarius Group LLC’s holdings in General Mills were worth $281,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. bought a new position in shares of General Mills in the second quarter worth $222,000. Victory Capital Management Inc. grew its position in General Mills by 7.3% in the 1st quarter. Victory Capital Management Inc. now owns 522,576 shares of the company’s stock valued at $31,245,000 after buying an additional 35,494 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in General Mills by 7.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company’s stock valued at $27,076,000 after buying an additional 32,628 shares during the period. Rock Point Advisors LLC bought a new stake in shares of General Mills during the 1st quarter worth about $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of General Mills by 126.1% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company’s stock worth $46,285,000 after acquiring an additional 431,693 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GIS has been the topic of a number of research analyst reports. HSBC lowered their price objective on shares of General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, September 18th. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. Jefferies Financial Group reduced their price objective on shares of General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Finally, Stifel Nicolaus lowered their price objective on shares of General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and an average price target of $55.82.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the transaction, the insider owned 66,593 shares in the company, valued at $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

General Mills Stock Down 0.4%

GIS stock opened at $50.18 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. The firm has a market capitalization of $26.77 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.27 and a beta of -0.03. General Mills, Inc. has a 52-week low of $48.29 and a 52-week high of $73.74. The company’s 50 day simple moving average is $49.74 and its 200-day simple moving average is $52.91.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company posted $1.07 EPS. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

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.