KFG Wealth Management LLC Buys 214 Shares of General Mills, Inc. (NYSE:GIS)

KFG Wealth Management LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,021 shares of the company’s stock after purchasing an additional 214 shares during the period. KFG Wealth Management LLC’s holdings in General Mills were worth $254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC bought a new position in shares of General Mills in the 4th quarter worth approximately $27,000. Rise Advisors LLC raised its holdings in 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 purchasing an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position 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 buying an additional 336 shares during the period. Fortis Group Advisors LLC boosted its holdings 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 buying an additional 229 shares in the last quarter. Finally, RFP Financial Group LLC grew its position in shares of General Mills by 66.3% in the 1st 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 period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GIS shares. JPMorgan Chase & Co. decreased their target price on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Argus reiterated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Wells Fargo & Company cut their target price on General Mills from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 27th. Stifel Nicolaus lowered their price target on General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. Finally, The Goldman Sachs Group initiated coverage on shares of General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.71.

General Mills Stock Performance

Shares of GIS stock traded up $0.28 on Friday, reaching $69.03. The stock had a trading volume of 2,320,963 shares, compared to its average volume of 4,033,532. 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, Inc. has a 1 year low of $60.33 and a 1 year high of $74.45. The stock has a market cap of $38.53 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 3.83 and a beta of 0.09. The company has a 50 day simple moving average of $65.90 and a 200 day simple moving average of $67.05.

General Mills (NYSE:GIS) last announced 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. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period last year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts expect 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 was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. This is a positive change 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 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.