Culbertson A N & Co. Inc. Decreases Position in General Mills, Inc. (NYSE:GIS)

Culbertson A N & Co. Inc. trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,887 shares of the company’s stock after selling 300 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in General Mills were worth $1,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GIS. Legacy Advisors LLC purchased a new stake in General Mills during the first quarter worth $31,000. Certified Advisory Corp boosted its position in General Mills by 100.9% during the first quarter. Certified Advisory Corp now owns 643 shares of the company’s stock worth $33,000 after purchasing an additional 323 shares in the last quarter. NuWave Investment Management LLC boosted its position in General Mills by 377.4% during the second quarter. NuWave Investment Management LLC now owns 635 shares of the company’s stock worth $33,000 after purchasing an additional 502 shares in the last quarter. CX Institutional boosted its position in General Mills by 74.2% during the second quarter. CX Institutional now owns 655 shares of the company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of General Mills in the first quarter valued at $35,000. Institutional investors own 69.41% of the company’s stock.

GIS has been the topic of several recent research reports. Piper Jaffray Companies upped their price objective on General Mills from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Evercore ISI initiated coverage on General Mills in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $56.00 price objective on the stock. Goldman Sachs Group downgraded General Mills from a “neutral” rating to a “sell” rating and set a $41.00 price objective on the stock. in a research report on Tuesday, May 28th. Zacks Investment Research restated a “strong-buy” rating on shares of General Mills in a research report on Thursday, May 30th. Finally, Bank of America restated a “neutral” rating and issued a $49.00 price objective on shares of General Mills in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. General Mills presently has a consensus rating of “Hold” and a consensus price target of $52.66.

NYSE GIS traded down $0.31 during trading hours on Friday, hitting $53.70. 3,521,518 shares of the company’s stock were exchanged, compared to its average volume of 3,639,232. The stock has a 50 day simple moving average of $53.36. General Mills, Inc. has a 12-month low of $36.42 and a 12-month high of $54.74. The firm has a market capitalization of $32.51 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 2.29 and a beta of 0.77. The company has a quick ratio of 0.37, a current ratio of 0.59 and a debt-to-equity ratio of 1.58.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 26th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.07. General Mills had a return on equity of 27.67% and a net margin of 10.39%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that General Mills, Inc. will post 3.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, July 9th. This represents a $1.96 annualized dividend and a yield of 3.65%. General Mills’s dividend payout ratio (DPR) is presently 60.87%.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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