Dimensional Fund Advisors LP Trims Stock Holdings in General Mills, Inc. (NYSE:GIS)

Dimensional Fund Advisors LP lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.9% in the second quarter, Holdings Channel.com reports. The firm owned 4,472,614 shares of the company’s stock after selling 88,323 shares during the period. Dimensional Fund Advisors LP’s holdings in General Mills were worth $343,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aspire Private Capital LLC bought a new stake in shares of General Mills in the first quarter worth $23,614,735,000. Disciplined Investments LLC increased its position in shares of General Mills by 245.9% in the 1st quarter. Disciplined Investments LLC now owns 294 shares of the company’s stock worth $25,000 after purchasing an additional 209 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of General Mills in the 4th quarter valued at about $25,000. Almanack Investment Partners LLC. bought a new position in shares of General Mills during the third quarter worth about $28,000. Finally, Impact Partnership Wealth LLC bought a new position in shares of General Mills during the second quarter worth about $30,000. 75.31% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Trading Down 0.0 %

Shares of GIS stock opened at $65.15 on Wednesday. The stock has a 50-day simple moving average of $64.54 and a 200 day simple moving average of $73.60. The stock has a market capitalization of $37.87 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.19 and a beta of 0.27. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 1.00.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.88 billion. General Mills had a net margin of 12.07% and a return on equity of 24.39%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, sell-side analysts expect that General Mills, Inc. will post 4.48 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Tuesday, January 9th. General Mills’s payout ratio is 57.56%.

Analyst Upgrades and Downgrades

GIS has been the topic of several research reports. The Goldman Sachs Group cut their price objective on General Mills from $70.00 to $61.00 and set a “sell” rating on the stock in a research note on Wednesday, September 20th. BNP Paribas lowered General Mills from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research report on Tuesday, September 5th. Royal Bank of Canada decreased their price objective on shares of General Mills from $78.00 to $76.00 and set a “sector perform” rating for the company in a report on Thursday, September 21st. Mizuho dropped their target price on shares of General Mills from $80.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. Finally, Wells Fargo & Company decreased 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 report on Thursday, September 7th. Two 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. According to MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $75.74.

General Mills 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.