Hexagon Capital Partners LLC Acquires 586 Shares of General Mills, Inc. (NYSE:GIS)

Hexagon Capital Partners LLC raised its holdings in General Mills, Inc. (NYSE:GIS) by 74.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,376 shares of the company’s stock after purchasing an additional 586 shares during the period. Hexagon Capital Partners LLC’s holdings in General Mills were worth $96,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC acquired a new position in General Mills during the 4th quarter worth approximately $27,000. Rise Advisors LLC increased its position in General Mills by 199.3% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in General Mills during the 4th quarter worth approximately $28,000. Perkins Coie Trust Co increased its position in General Mills by 769.2% during the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Finally, GoalVest Advisory LLC increased its position in General Mills by 65.5% during the 1st quarter. GoalVest Advisory LLC now owns 455 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GIS shares. TD Cowen upped their price target on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. HSBC upped their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus reduced their price objective on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays reduced their price objective 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus target price of $70.44.

General Mills Stock Up 0.0 %

Shares of GIS stock traded up $0.03 on Monday, hitting $63.29. The stock had a trading volume of 3,249,832 shares, compared to its average volume of 4,218,781. The business has a 50 day moving average of $68.51 and a 200 day moving average of $66.74. The stock has a market cap of $35.33 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 3.57 and a beta of 0.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $77.63.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that General Mills, Inc. will post 4.5 EPS for the current 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Wednesday, July 10th. This is an increase from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is 54.76%.

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