General Mills, Inc. (NYSE:GIS) Stock Holdings Lessened by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,497 shares of the company’s stock after selling 819 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in General Mills were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. My Legacy Advisors LLC bought a new position in General Mills during the second quarter valued at about $898,000. &PARTNERS grew its holdings in General Mills by 39.0% during the second quarter. &PARTNERS now owns 23,070 shares of the company’s stock valued at $1,459,000 after purchasing an additional 6,475 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of General Mills during the 2nd quarter worth $51,000. 1620 Investment Advisors Inc. acquired a new position in General Mills in the 2nd quarter valued at $47,000. Finally, Joule Financial LLC raised its holdings in General Mills by 6.7% in the 2nd quarter. Joule Financial LLC now owns 4,695 shares of the company’s stock worth $297,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Thursday, June 27th. Stifel Nicolaus dropped their price target on shares of General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. Evercore ISI lowered their price target on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Finally, Barclays dropped their price objective on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $69.71.

General Mills Trading Up 0.0 %

NYSE GIS traded up $0.02 on Friday, hitting $70.69. The company’s stock had a trading volume of 660,924 shares, compared to its average volume of 3,987,053. The company’s 50-day moving average is $66.23 and its 200 day moving average is $67.17. The firm has a market cap of $39.46 billion, a PE ratio of 16.39, a PEG ratio of 3.83 and a beta of 0.09. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $74.45. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. General Mills’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, analysts predict that General Mills, Inc. will post 4.49 earnings per share for the current fiscal year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 3.40%. General Mills’s dividend payout ratio is presently 55.68%.

About General Mills

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.