Andra AP fonden Trims Stock Holdings in General Mills, Inc. (NYSE:GIS)

Andra AP fonden decreased its stake in General Mills, Inc. (NYSE:GIS) by 73.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,200 shares of the company’s stock after selling 39,400 shares during the quarter. Andra AP fonden’s holdings in General Mills were worth $898,000 as of its most recent SEC filing.

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

General Mills Stock Performance

NYSE:GIS opened at $73.02 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The stock’s fifty day moving average is $68.51 and its 200 day moving average is $68.09. The firm has a market capitalization of $40.76 billion, a PE ratio of 16.94, a PEG ratio of 4.25 and a beta of 0.10. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week 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, topping the consensus estimate of $0.99 by $0.02. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.85 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.49 earnings per share for the current year.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.29%. This is an increase from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s dividend payout ratio is presently 55.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GIS. Evercore ISI decreased their target price on General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. Wells Fargo & Company dropped their target price on shares of General Mills from $70.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. Citigroup dropped their price objective on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Stifel Nicolaus decreased their target price on General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, June 27th. 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, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $69.53.

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.