Hayden Royal LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 14.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,788 shares of the company’s stock after selling 780 shares during the period. Hayden Royal LLC’s holdings in General Mills were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of General Mills by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,471,138 shares of the company’s stock worth $96,224,000 after buying an additional 433,796 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of General Mills by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 7,230,663 shares of the company’s stock valued at $281,036,000 after purchasing an additional 473,831 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of General Mills by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the company’s stock valued at $1,630,000 after purchasing an additional 200 shares during the period. Retirement Systems of Alabama grew its holdings in shares of General Mills by 1.1% in the first quarter. Retirement Systems of Alabama now owns 277,874 shares of the company’s stock valued at $14,380,000 after purchasing an additional 3,034 shares during the period. Finally, TIAA FSB grew its holdings in shares of General Mills by 6.1% in the first quarter. TIAA FSB now owns 63,593 shares of the company’s stock valued at $3,291,000 after purchasing an additional 3,663 shares during the period. Institutional investors and hedge funds own 69.19% of the company’s stock.
NYSE:GIS traded up $0.63 during mid-day trading on Thursday, hitting $54.40. The stock had a trading volume of 984,036 shares, compared to its average volume of 3,378,390. The firm’s 50-day simple moving average is $53.39. The company has a market capitalization of $32.67 billion, a P/E ratio of 16.89, a PEG ratio of 2.30 and a beta of 0.77. General Mills, Inc. has a twelve month low of $36.42 and a twelve month high of $54.74. The company has a quick ratio of 0.37, a current ratio of 0.59 and a debt-to-equity ratio of 1.58.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.60%. General Mills’s dividend payout ratio (DPR) is presently 60.87%.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of General Mills from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, June 27th. Goldman Sachs Group lowered shares of General Mills from a “neutral” rating to a “sell” rating and set a $41.00 price objective for the company. in a report on Tuesday, May 28th. Edward Jones raised shares of General Mills from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Zacks Investment Research reaffirmed a “strong-buy” rating on shares of General Mills in a research report on Thursday, May 30th. Finally, Guggenheim upped their target price on shares of General Mills from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.66.
General Mills Profile
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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