TrueMark Investments LLC Buys 9,088 Shares of General Mills, Inc. $GIS

TrueMark Investments LLC boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 10.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,759 shares of the company’s stock after buying an additional 9,088 shares during the period. General Mills makes up about 1.1% of TrueMark Investments LLC’s portfolio, making the stock its 22nd largest position. TrueMark Investments LLC’s holdings in General Mills were worth $5,065,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in General Mills by 434.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock worth $1,138,473,000 after buying an additional 15,480,835 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in General Mills by 8.1% during the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock worth $589,814,000 after buying an additional 741,432 shares during the last quarter. Nordea Investment Management AB raised its holdings in General Mills by 4.8% during the second quarter. Nordea Investment Management AB now owns 8,588,624 shares of the company’s stock worth $443,173,000 after buying an additional 393,135 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in General Mills by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,161,951 shares of the company’s stock worth $428,213,000 after buying an additional 315,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in General Mills by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,986,128 shares of the company’s stock worth $417,674,000 after buying an additional 634,393 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

GIS opened at $48.48 on Friday. The firm has a market cap of $25.86 billion, a P/E ratio of 9.16, a PEG ratio of 1.22 and a beta of -0.03. The firm has a 50-day moving average of $49.65 and a 200 day moving average of $52.32. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $70.60.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm 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. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

Wall Street Analyst Weigh In

Several analysts have recently commented on GIS shares. Jefferies Financial Group lowered their target price on shares of General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a report on Monday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, September 18th. Bank of America lowered their target price on shares of General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Finally, Wells Fargo & Company set a $53.00 target price on shares of General Mills and gave the company an “equal weight” rating in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and an average target price of $55.82.

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the stock in a transaction dated 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 transaction, the insider owned 66,593 shares in the company, valued at $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by corporate insiders.

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.