LaFleur & Godfrey LLC Takes Position in General Mills, Inc. (NYSE:GIS)

LaFleur & Godfrey LLC acquired a new position in General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,750 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIS. Vanguard Group Inc. grew its holdings in General Mills by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock valued at $4,219,113,000 after buying an additional 8,444,312 shares in the last quarter. Capital Research Global Investors lifted its stake in General Mills by 22.3% in the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock worth $955,118,000 after purchasing an additional 2,488,341 shares in the last quarter. Legal & General Group Plc boosted its holdings in General Mills by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock valued at $356,151,000 after purchasing an additional 323,090 shares during the period. Dimensional Fund Advisors LP grew its position in shares of General Mills by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock valued at $342,478,000 after purchasing an additional 148,235 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of General Mills by 7.4% in the first quarter. Nordea Investment Management AB now owns 5,362,663 shares of the company’s stock worth $376,459,000 after purchasing an additional 369,628 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the sale, the insider now owns 128,664 shares of the company’s stock, valued at $9,571,314.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the sale, the insider now directly owns 128,664 shares in the company, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

General Mills Trading Up 0.0 %

Shares of NYSE:GIS traded up $0.02 on Wednesday, hitting $71.25. The company had a trading volume of 786,006 shares, compared to its average volume of 3,904,991. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $72.27 and its two-hundred day simple moving average is $69.20. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 3.71 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Equities analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 target price for the company. Bank of America boosted their price objective on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Stifel Nicolaus lifted their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Wells Fargo & Company boosted their price target on shares of General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Finally, TD Cowen lifted their price objective on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, General Mills has an average rating of “Hold” and a consensus target price of $73.00.

About General Mills

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.