General Mills, Inc. $GIS Position Boosted by Vise Technologies Inc.

Vise Technologies Inc. increased its position in shares of General Mills, Inc. (NYSE:GIS) by 72.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,593 shares of the company’s stock after buying an additional 30,470 shares during the period. Vise Technologies Inc.’s holdings in General Mills were worth $2,335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Partners LTD. purchased a new position in shares of General Mills in the 3rd quarter valued at about $306,000. Cidel Asset Management Inc. boosted its position in General Mills by 8.4% during the third quarter. Cidel Asset Management Inc. now owns 15,020 shares of the company’s stock worth $483,000 after purchasing an additional 1,159 shares in the last quarter. Intrua Financial LLC grew its holdings in General Mills by 2.8% in the third quarter. Intrua Financial LLC now owns 13,075 shares of the company’s stock valued at $420,000 after purchasing an additional 353 shares during the period. Moss Adams Wealth Advisors LLC grew its holdings in General Mills by 23.8% in the third quarter. Moss Adams Wealth Advisors LLC now owns 7,242 shares of the company’s stock valued at $233,000 after purchasing an additional 1,393 shares during the period. Finally, MGO One Seven LLC grew its holdings in General Mills by 7.6% in the third quarter. MGO One Seven LLC now owns 23,523 shares of the company’s stock valued at $757,000 after purchasing an additional 1,652 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $36.52 on Friday. General Mills, Inc. has a 12 month low of $31.17 and a 12 month high of $49.59. The stock has a 50 day moving average of $35.01 and a two-hundred day moving average of $37.42. The company has a current ratio of 0.70, a quick ratio of 0.39 and a debt-to-equity ratio of 1.66. The firm has a market cap of $19.53 billion and a P/E ratio of -22.00.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.35 billion. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, analysts expect that General Mills, Inc. will post 3.08 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Tuesday, October 13th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, October 13th. General Mills’s dividend payout ratio is currently -146.99%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore set a $38.00 target price on General Mills in a research note on Monday, September 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 price target on shares of General Mills in a research note on Monday, September 21st. Jefferies Financial Group set a $35.00 price target on shares of General Mills in a report on Thursday, September 10th. Bank of America reissued a “neutral” rating on shares of General Mills in a report on Thursday, September 24th. Finally, Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Mills currently has a consensus rating of “Reduce” and a consensus price target of $36.59.

General Mills Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its portfolio includes cereal, snack foods, refrigerated and baking products, yogurt, soup, meals, and pet food. The company’s brands include Cheerios, Cinnamon Toast Crunch, Nature Valley, Betty Crocker, Pillsbury, Yoplait, Old El Paso, Progresso, Annie’s, Totino’s, Häagen-Dazs, and Blue Buffalo.

General Mills sells products through grocery stores, mass merchandisers, convenience stores, e-commerce channels, restaurants, and other foodservice outlets.