Foundations Investment Advisors LLC Acquires 456 Shares of General Mills, Inc. (NYSE:GIS)

Foundations Investment Advisors LLC raised its stake in General Mills, Inc. (NYSE:GIS) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,818 shares of the company’s stock after acquiring an additional 456 shares during the quarter. Foundations Investment Advisors LLC’s holdings in General Mills were worth $748,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GIS. Rise Advisors LLC lifted its stake in General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after purchasing an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. RFP Financial Group LLC boosted its holdings in shares of General Mills by 66.3% during the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after acquiring an additional 173 shares in the last quarter. Perkins Coie Trust Co grew its position in General Mills by 769.2% during the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. Finally, GoalVest Advisory LLC increased its holdings in General Mills by 65.5% in the 1st quarter. GoalVest Advisory LLC now owns 455 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 0.8 %

NYSE GIS opened at $75.08 on Friday. The stock has a market capitalization of $41.91 billion, a P/E ratio of 17.42, a P/E/G ratio of 4.09 and a beta of 0.09. The business has a 50 day simple moving average of $67.64 and a 200 day simple moving average of $67.85. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. General Mills, Inc. has a one year low of $60.33 and a one year high of $75.54.

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

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.20%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio is currently 55.68%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Wells Fargo & Company cut their target price on shares of General Mills from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 27th. Citigroup decreased their price target on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. The Goldman Sachs Group started coverage on shares of General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 price target on the stock. Finally, Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.56.

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.