4,000 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,000 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC raised 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 grew its holdings in shares of General Mills by 409.8% during the first 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. Fortis Group Advisors LLC raised its position in shares of General Mills by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. RFP Financial Group LLC lifted its stake in shares of General Mills by 66.3% in the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after buying an additional 173 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in General Mills by 769.2% during the first 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. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GIS shares. Stifel Nicolaus lowered their target price on General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. Evercore ISI dropped their target price on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a report on Friday, June 28th. Citigroup lifted their price target on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.60.

General Mills Stock Performance

Shares of General Mills stock opened at $74.99 on Thursday. The stock has a market capitalization of $41.86 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. The business has a 50-day moving average of $69.45 and a 200 day moving average of $68.40.

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 analysts’ consensus estimates of $0.99 by $0.02. The company had revenue of $4.71 billion for 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 firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.60 per share. 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. This represents a $2.40 annualized dividend and a yield of 3.20%. General Mills’s dividend payout ratio is 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.