Brio Consultants LLC Takes Position in General Mills, Inc. (NYSE:GIS)

by · The Cerbat Gem

Brio Consultants LLC acquired a new position in General Mills, Inc. (NYSE:GIS – Free Report) in the first quarter, Holdings Channel reports. The fund acquired 10,161 shares of the company’s stock, valued at approximately $608,000.

A number of other large investors also recently bought and sold shares of the business. Transce3nd LLC bought a new position in shares of General Mills in the 4th quarter worth $32,000. Perkins Coie Trust Co grew its stake in General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in General Mills in the first quarter worth about $34,000. Strategic Investment Solutions Inc. IL raised its holdings in General Mills by 1,096.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 598 shares of the company’s stock worth $39,000 after purchasing an additional 548 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter valued at about $38,000. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE:GIS opened at $51.10 on Monday. General Mills, Inc. has a twelve month low of $49.04 and a twelve month high of $75.90. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The company has a market cap of $27.72 billion and a PE ratio of 12.46. The company’s 50 day moving average is $52.69 and its 200 day moving average is $56.56.

General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.77%. This is a positive change from General Mills’s previous quarterly dividend of $0.60. General Mills’s dividend payout ratio (DPR) is presently 59.51%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America cut their price target on shares of General Mills from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. UBS Group decreased their price objective on General Mills from $52.00 to $49.00 and set a “sell” rating for the company in a report on Thursday, June 26th. The Goldman Sachs Group downgraded General Mills from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Finally, Barclays decreased their price target on General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $59.73.

Check Out Our Latest Research Report on General Mills

About General Mills

(Free Report)

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.

See Also

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