Mitchell Sinkler & Starr PA Acquires 200 Shares of General Mills, Inc. (NYSE:GIS)

Mitchell Sinkler & Starr PA lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,624 shares of the company’s stock after acquiring an additional 200 shares during the period. Mitchell Sinkler & Starr PA’s holdings in General Mills were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Private Trust Co. NA boosted its stake in shares of General Mills by 1.4% in the 1st quarter. Private Trust Co. NA now owns 10,280 shares of the company’s stock valued at $719,000 after buying an additional 140 shares during the period. North Star Investment Management Corp. lifted its stake in General Mills by 0.8% during the first quarter. North Star Investment Management Corp. now owns 17,228 shares of the company’s stock worth $1,205,000 after purchasing an additional 145 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in General Mills by 4.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company’s stock worth $206,000 after purchasing an additional 151 shares during the last quarter. Park Place Capital Corp lifted its stake in General Mills by 40.6% during the first quarter. Park Place Capital Corp now owns 540 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Secure Asset Management LLC lifted its stake in General Mills by 5.0% during the second quarter. Secure Asset Management LLC now owns 3,305 shares of the company’s stock worth $209,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GIS shares. Wells Fargo & Company decreased their target price on General Mills from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, June 27th. Stifel Nicolaus decreased their target price on General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. Citigroup decreased their target price on General Mills from $71.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Barclays decreased their target price on General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Finally, Argus restated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.07.

General Mills Trading Down 2.3 %

NYSE:GIS opened at $73.11 on Thursday. The firm has a market cap of $40.81 billion, a P/E ratio of 16.96, a PEG ratio of 4.25 and a beta of 0.10. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17. The stock’s 50 day simple moving average is $68.31 and its 200-day simple moving average is $68.05. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. Equities analysts anticipate that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s payout ratio is presently 55.68%.

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.