Prospera Financial Services Inc raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,434 shares of the company’s stock after buying an additional 1,061 shares during the period. Prospera Financial Services Inc’s holdings in General Mills were worth $348,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Alpha Windward LLC boosted its position in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock worth $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp boosted its position in General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock worth $372,000 after buying an additional 162 shares in the last quarter. Integrated Wealth Management boosted its position in General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock worth $519,000 after buying an additional 54 shares in the last quarter. Moreno Evelyn V raised its stake in shares of General Mills by 20.5% in the first quarter. Moreno Evelyn V now owns 41,745 shares of the company’s stock worth $2,463,000 after buying an additional 7,100 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of General Mills by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,772 shares of the company’s stock worth $870,000 after buying an additional 252 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.
Shares of General Mills, Inc. (GIS) opened at 57.14 on Friday. The stock has a market capitalization of $32.98 billion, a PE ratio of 20.63 and a beta of 0.61. General Mills, Inc. has a 52-week low of $53.24 and a 52-week high of $71.96. The stock’s 50 day moving average is $55.23 and its 200 day moving average is $57.76.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.43%. This is a positive change from General Mills’s previous quarterly dividend of $0.48. General Mills’s payout ratio is 70.76%.
A number of analysts have weighed in on the company. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Piper Jaffray Companies set a $56.00 price objective on General Mills and gave the company a “sell” rating in a report on Monday, August 7th. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $58.00 price target (down from $59.00) on shares of General Mills in a research report on Friday, June 30th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. General Mills has a consensus rating of “Hold” and an average price target of $59.93.
General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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