10,410 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,410 shares of the company’s stock, valued at approximately $659,000.

Several other large investors have also recently added to or reduced their stakes in GIS. MeadowBrook Investment Advisors LLC bought a new position in General Mills in the fourth quarter worth $27,000. Rise Advisors LLC lifted its holdings in shares of General Mills by 199.3% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after acquiring an additional 273 shares during the period. Capital Advisors Ltd. LLC lifted its holdings 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 worth $29,000 after acquiring an additional 336 shares during the period. RFP Financial Group LLC boosted 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 valued at $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Perkins Coie Trust Co increased its stake in General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GIS. The Goldman Sachs Group started coverage on shares of General Mills in a research note on Monday, August 12th. They set a “buy” rating and a $76.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, June 27th. 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 dropped their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Finally, Barclays reduced their target price on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $69.71.

General Mills Trading Up 0.2 %

Shares of NYSE GIS opened at $70.83 on Friday. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $74.45. The company has a 50-day moving average of $66.33 and a two-hundred day moving average of $67.24. The company has a market cap of $39.53 billion, a PE ratio of 16.43, a P/E/G ratio of 3.83 and a beta of 0.09. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.02. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.85 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. General Mills’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, equities analysts expect that General Mills, Inc. will post 4.49 earnings per share for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.39%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, July 10th. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

General Mills 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.