Bokf Na Has $1.70 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Bokf Na lessened its position in General Mills, Inc. (NYSE:GIS) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,193 shares of the company’s stock after selling 532 shares during the quarter. Bokf Na’s holdings in General Mills were worth $1,697,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC acquired a new stake in General Mills in the 4th quarter valued at approximately $27,000. Rise Advisors LLC raised its position 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 buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in 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 buying an additional 336 shares during the last quarter. Fortis Group Advisors LLC raised its position in General Mills by 100.0% in the 4th 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. Finally, RFP Financial Group LLC increased its position 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 worth $30,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GIS. Stifel Nicolaus lowered their price target 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. Barclays lowered their price target on General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, June 28th. Wells Fargo & Company lowered their price target on 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. Mizuho lowered their price target on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $68.82.

General Mills Stock Performance

GIS traded up $0.49 during trading on Friday, hitting $66.32. The stock had a trading volume of 2,548,167 shares, compared to its average volume of 3,574,117. The company has a 50 day moving average price of $65.84 and a 200-day moving average price of $66.53. The firm has a market cap of $37.02 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 3.75 and a beta of 0.09. General Mills, Inc. has a one year low of $60.33 and a one year high of $76.15. 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 (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. As a group, research analysts predict that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 3.62%. General Mills’s payout ratio is currently 55.68%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.