Boston Research & Management Inc. Buys 907 Shares of General Mills, Inc. (NYSE:GIS)

Boston Research & Management Inc. increased its stake in General Mills, Inc. (NYSE:GIS) by 0.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 105,557 shares of the company’s stock after buying an additional 907 shares during the period. General Mills comprises 1.7% of Boston Research & Management Inc.’s holdings, making the stock its 17th largest position. Boston Research & Management Inc.’s holdings in General Mills were worth $6,677,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rise Advisors LLC boosted its holdings in shares of General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of General Mills by 409.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares in the last quarter. Fortis Group Advisors LLC grew its stake in shares of General Mills by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after acquiring an additional 229 shares during the period. RFP Financial Group LLC grew its stake 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 during the period. Finally, Perkins Coie Trust Co increased its holdings in General Mills by 769.2% in 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 in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of General Mills stock opened at $74.51 on Friday. The stock has a 50 day moving average price of $69.92 and a 200-day moving average price of $68.51. General Mills, Inc. has a one year low of $60.33 and a one year high of $75.90. The stock has a market cap of $41.59 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities analysts expect that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Wednesday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s payout ratio is 55.68%.

Wall Street Analyst Weigh In

GIS has been the subject of a number of analyst reports. Piper Sandler increased their price objective on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company increased their price target on General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Bank of America increased their target price on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Citigroup boosted their price target on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus price target of $72.73.

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.