Nichols & Pratt Advisers LLP MA Has $402,000 Position in General Mills, Inc. (NYSE:GIS)

Nichols & Pratt Advisers LLP MA trimmed its position in General Mills, Inc. (NYSE:GIS) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,355 shares of the company’s stock after selling 850 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in General Mills were worth $402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC acquired a new stake in General Mills in the fourth quarter worth $27,000. Rise Advisors LLC raised its stake 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 buying an additional 273 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in General Mills by 409.8% during the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 336 shares in the last quarter. RFP Financial Group LLC grew its stake in General Mills by 66.3% in 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 period. Finally, Perkins Coie Trust Co increased its holdings in shares of General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS traded up $0.16 during mid-day trading on Friday, reaching $70.83. 1,957,481 shares of the company were exchanged, compared to its average volume of 3,995,006. The stock has a market capitalization of $39.53 billion, a P/E ratio of 16.43, a P/E/G ratio of 3.83 and a beta of 0.09. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The company’s 50-day simple moving average is $66.33 and its 200-day simple moving average is $67.24. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $74.45.

General Mills (NYSE:GIS) last issued 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 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 analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. As a group, research analysts predict that General Mills, Inc. will post 4.49 earnings per share 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. 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 annualized dividend and a yield of 3.39%. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup cut their price objective on General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Mizuho dropped their price objective on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Barclays reduced their target price 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.71.

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.