Disciplined Investments LLC Has $547,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Disciplined Investments LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2,325.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,132 shares of the company’s stock after purchasing an additional 6,838 shares during the period. Disciplined Investments LLC’s holdings in General Mills were worth $547,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Fragasso Group Inc. lifted its holdings in General Mills by 15.2% during the second quarter. Fragasso Group Inc. now owns 6,126 shares of the company’s stock worth $470,000 after acquiring an additional 806 shares during the period. Trust Co. of Toledo NA OH lifted its stake in General Mills by 10.0% during the second quarter. Trust Co. of Toledo NA OH now owns 26,553 shares of the company’s stock worth $2,037,000 after purchasing an additional 2,406 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of General Mills by 26.2% in the 2nd quarter. DNB Asset Management AS now owns 183,748 shares of the company’s stock valued at $14,093,000 after acquiring an additional 38,139 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of General Mills by 7.4% in the 2nd quarter. Nordea Investment Management AB now owns 3,397,496 shares of the company’s stock valued at $260,962,000 after acquiring an additional 235,307 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in shares of General Mills by 26.2% during the second quarter. DnB Asset Management AS now owns 183,748 shares of the company’s stock valued at $14,093,000 after acquiring an additional 38,139 shares in the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the topic of several research reports. StockNews.com started coverage on shares of General Mills in a research note on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of General Mills from $75.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, August 21st. Wells Fargo & Company dropped their price target on shares of General Mills from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, September 7th. Argus upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, July 14th. Finally, Piper Sandler decreased their price target on shares of General Mills from $95.00 to $88.00 in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $78.79.

General Mills Price Performance

Shares of GIS traded down $0.51 during trading hours on Friday, reaching $65.85. 7,635,659 shares of the company traded hands, compared to its average volume of 3,509,865. The company has a quick ratio of 0.40, a current ratio of 0.69 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $38.27 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.24. General Mills, Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $90.89. The stock has a fifty day simple moving average of $71.42 and a 200 day simple moving average of $79.56.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 28th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.18 billion. General Mills had a return on equity of 24.47% and a net margin of 12.91%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. As a group, research analysts predict that General Mills, Inc. will post 4.49 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a $0.59 dividend. This is a boost from General Mills’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Friday, July 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.58%. General Mills’s dividend payout ratio is presently 54.76%.

General Mills Company Profile

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.