Capital Advisors Inc. OK Purchases 115,954 Shares of General Mills, Inc. $GIS

Capital Advisors Inc. OK boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 25.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 572,870 shares of the company’s stock after buying an additional 115,954 shares during the quarter. Capital Advisors Inc. OK’s holdings in General Mills were worth $29,680,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Perpetual Ltd grew its position in General Mills by 3.5% during the first quarter. Perpetual Ltd now owns 5,411 shares of the company’s stock valued at $324,000 after buying an additional 184 shares during the period. Conning Inc. boosted its position in General Mills by 4.6% during the first quarter. Conning Inc. now owns 4,212 shares of the company’s stock worth $252,000 after purchasing an additional 185 shares during the period. Benjamin Edwards Inc. boosted its position in General Mills by 0.4% during the first quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company’s stock worth $3,127,000 after purchasing an additional 185 shares during the period. Eastern Bank boosted its position in General Mills by 0.8% during the first quarter. Eastern Bank now owns 24,817 shares of the company’s stock worth $1,484,000 after purchasing an additional 186 shares during the period. Finally, SPC Financial Inc. boosted its position in General Mills by 1.5% during the first quarter. SPC Financial Inc. now owns 13,452 shares of the company’s stock worth $804,000 after purchasing an additional 193 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the sale, the insider directly 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 this hyperlink. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GIS shares. Royal Bank Of Canada upgraded shares of General Mills from a “sector perform” rating to an “outperform” rating and cut their target price for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. UBS Group cut their target price on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. Bank of America cut their target price on shares of General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. HSBC cut their target price on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, September 18th. Finally, Jefferies Financial Group lowered their price target on shares of General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, September 8th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.82.

General Mills Trading Up 0.1%

Shares of General Mills stock opened at $50.38 on Monday. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $73.78. The company has a market cap of $26.87 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.27 and a beta of -0.03. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $49.73 and its 200-day moving average price is $52.97.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.52 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a yield of 4.8%. General Mills’s payout ratio is presently 46.12%.

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.