Great Valley Advisor Group Inc. Purchases 801 Shares of General Mills, Inc. (NYSE:GIS)

Great Valley Advisor Group Inc. raised its position in shares of General Mills, Inc. (NYSE:GIS) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,277 shares of the company’s stock after acquiring an additional 801 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in General Mills were worth $524,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of General Mills by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock worth $4,219,113,000 after purchasing an additional 8,444,312 shares in the last quarter. Norges Bank bought a new position in shares of General Mills during the 4th quarter worth about $377,205,000. Capital Research Global Investors increased its stake in General Mills by 22.3% in the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after buying an additional 2,488,341 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in General Mills by 106.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock valued at $224,254,000 after buying an additional 1,778,345 shares during the last quarter. Finally, LSV Asset Management increased its stake in General Mills by 165.6% in the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after buying an additional 654,550 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, June 27th. Stifel Nicolaus decreased their price target on shares of General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. Evercore ISI decreased their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Barclays decreased their price target on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Finally, Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $69.71.

General Mills Stock Performance

NYSE GIS opened at $70.40 on Thursday. The company has a market capitalization of $39.29 billion, a P/E ratio of 16.33, a P/E/G ratio of 3.83 and a beta of 0.09. The company has a fifty day moving average of $65.84 and a 200-day moving average of $66.98. 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 issued its 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. The company 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 firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 4.49 EPS for the current fiscal 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 $0.60 dividend. This is a boost from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.41%. General Mills’s payout ratio is presently 55.68%.

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.