Interchange Capital Partners LLC Takes Position in General Mills, Inc. $GIS

Interchange Capital Partners LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 919 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GIS. GAMMA Investing LLC increased its position in General Mills by 12.2% during the first quarter. GAMMA Investing LLC now owns 19,597 shares of the company’s stock valued at $1,172,000 after acquiring an additional 2,127 shares during the last quarter. Golden State Wealth Management LLC increased its position in General Mills by 150.7% during the first quarter. Golden State Wealth Management LLC now owns 945 shares of the company’s stock valued at $57,000 after acquiring an additional 568 shares during the last quarter. Perigon Wealth Management LLC increased its position in General Mills by 15.1% during the first quarter. Perigon Wealth Management LLC now owns 19,505 shares of the company’s stock valued at $1,166,000 after acquiring an additional 2,565 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in General Mills by 199.4% during the first quarter. Creative Financial Designs Inc. ADV now owns 922 shares of the company’s stock valued at $55,000 after acquiring an additional 614 shares during the last quarter. Finally, Perpetual Ltd increased 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 acquiring an additional 184 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the sale, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. UBS Group reduced their price target on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. Mizuho reduced their price target on General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research report on Saturday. Finally, Morgan Stanley reduced their price target on General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, September 15th. Four equities research 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.82.

General Mills Stock Performance

NYSE:GIS opened at $47.42 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. General Mills, Inc. has a 12-month low of $47.27 and a 12-month high of $68.96. The stock has a 50-day moving average price of $49.53 and a 200 day moving average price of $51.93. The stock has a market capitalization of $25.30 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.20 and a beta of -0.03.

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

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors 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 dividend yield of 5.1%. General Mills’s dividend payout ratio (DPR) is currently 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.