Distillate Capital Partners LLC Acquires 257,194 Shares of General Mills, Inc. (NYSE:GIS)

Distillate Capital Partners LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 130,555.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 257,391 shares of the company’s stock after buying an additional 257,194 shares during the quarter. Distillate Capital Partners LLC’s holdings in General Mills were worth $16,283,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GIS. Rise Advisors LLC grew its position in shares of General Mills by 199.3% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after acquiring an additional 273 shares during the period. Capital Advisors Ltd. LLC grew its holdings in General Mills by 409.8% during the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after purchasing an additional 336 shares during the period. RFP Financial Group LLC increased its position in 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 during the last quarter. Perkins Coie Trust Co increased its position in General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its position in shares of General Mills by 65.5% during the 1st quarter. GoalVest Advisory LLC now owns 455 shares of the company’s stock valued at $32,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GIS shares. Mizuho decreased their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. JPMorgan Chase & Co. dropped their price target on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. TD Cowen lifted their price objective on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company increased their target price on General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, Piper Sandler lifted their price target on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. One 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’s stock. According to MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $72.73.

General Mills Stock Down 0.4 %

GIS stock opened at $74.19 on Tuesday. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $75.90. The stock has a market cap of $41.41 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 3.86 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 company’s 50 day moving average is $70.14 and its 200 day moving average is $68.63.

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 the consensus estimate of $1.06 by $0.01. The firm 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 quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. Sell-side analysts predict that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a dividend yield of 3.24%. General Mills’s dividend payout ratio is 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.