15,521 General Mills, Inc. $GIS Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in General Mills, Inc. (NYSE:GIS) by 71.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,199 shares of the company’s stock after buying an additional 15,521 shares during the quarter. Park Avenue Securities LLC’s holdings in General Mills were worth $1,196,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MCF Advisors LLC increased its holdings in shares of General Mills by 7.8% in the second quarter. MCF Advisors LLC now owns 3,812 shares of the company’s stock valued at $133,000 after buying an additional 277 shares in the last quarter. Triumph Capital Management increased its position in shares of General Mills by 45.0% in the second quarter. Triumph Capital Management now owns 915 shares of the company’s stock worth $32,000 after acquiring an additional 284 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of General Mills by 0.6% during the first quarter. HB Wealth Management LLC now owns 48,145 shares of the company’s stock valued at $1,792,000 after acquiring an additional 309 shares during the period. Union Savings Bank lifted its position in shares of General Mills by 23.7% in the 3rd quarter. Union Savings Bank now owns 1,701 shares of the company’s stock valued at $55,000 after acquiring an additional 326 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in General Mills by 0.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 50,595 shares of the company’s stock valued at $1,627,000 after purchasing an additional 339 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 1.4%

Shares of General Mills stock opened at $34.77 on Tuesday. General Mills, Inc. has a 12-month low of $31.17 and a 12-month high of $49.59. The company has a quick ratio of 0.39, a current ratio of 0.70 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $35.30 and a two-hundred day moving average price of $37.56. The stock has a market capitalization of $18.59 billion, a P/E ratio of 9.61, a PEG ratio of 1.79 and a beta of 0.03.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.35 billion. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Equities analysts expect that General Mills, Inc. will post 3.08 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, October 13th. General Mills’s dividend payout ratio (DPR) is presently -146.99%.

Analyst Ratings Changes

Several brokerages have recently commented on GIS. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $34.00 target price (up from $33.00) on shares of General Mills in a research report on Thursday, September 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $30.00 price objective on shares of General Mills in a research note on Thursday, September 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of General Mills in a research report on Monday, September 21st. Piper Sandler reaffirmed an “overweight” rating on shares of General Mills in a research note on Thursday, September 24th. Finally, UBS Group reiterated a “sell” rating on shares of General Mills in a report on Wednesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $36.59.

General Mills Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its portfolio includes cereal, snack foods, refrigerated and baking products, yogurt, soup, meals, and pet food. The company’s brands include Cheerios, Cinnamon Toast Crunch, Nature Valley, Betty Crocker, Pillsbury, Yoplait, Old El Paso, Progresso, Annie’s, Totino’s, Häagen-Dazs, and Blue Buffalo.

General Mills sells products through grocery stores, mass merchandisers, convenience stores, e-commerce channels, restaurants, and other foodservice outlets.