Focus Financial Network Inc. Raises Holdings in General Mills, Inc. (NYSE:GIS)

Focus Financial Network Inc. boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,894 shares of the company’s stock after acquiring an additional 3,379 shares during the quarter. Focus Financial Network Inc.’s holdings in General Mills were worth $2,725,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators boosted its holdings in General Mills by 4.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company’s stock worth $206,000 after buying an additional 151 shares in the last quarter. Secure Asset Management LLC increased its stake in shares of General Mills by 5.0% in the 2nd quarter. Secure Asset Management LLC now owns 3,305 shares of the company’s stock valued at $209,000 after purchasing an additional 157 shares in the last quarter. LCM Capital Management Inc raised its holdings in General Mills by 1.9% in the 2nd quarter. LCM Capital Management Inc now owns 8,521 shares of the company’s stock worth $539,000 after purchasing an additional 157 shares during the period. Financial Counselors Inc. boosted its position in General Mills by 0.3% during the first quarter. Financial Counselors Inc. now owns 56,652 shares of the company’s stock worth $3,964,000 after purchasing an additional 165 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in General Mills by 1.3% in the first quarter. Csenge Advisory Group now owns 13,007 shares of the company’s stock valued at $910,000 after purchasing an additional 165 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

Shares of GIS stock opened at $68.26 on Friday. The firm’s 50-day moving average is $72.09 and its two-hundred day moving average is $69.18. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The company has a market capitalization of $37.90 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 3.51 and a beta of 0.10.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 26.85% and a net margin of 12.14%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.40 annualized dividend and a yield of 3.52%. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Bank of America increased their price objective on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Barclays upped their price target on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Citigroup raised their price target on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company increased their target price on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $73.00.

Insider Buying and Selling at General Mills

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the transaction, the insider now directly owns 128,664 shares in the company, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock valued at $4,657,676 over the last 90 days. 0.26% of the stock is owned by insiders.

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.