St. James Investment Company LLC boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,620 shares of the company’s stock after acquiring an additional 2,255 shares during the period. General Mills makes up approximately 0.1% of St. James Investment Company LLC’s holdings, making the stock its 24th largest holding. St. James Investment Company LLC’s holdings in General Mills were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GIS. Sequoia Financial Advisors LLC grew its stake in shares of General Mills by 23.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,721 shares of the company’s stock valued at $253,000 after purchasing an additional 1,100 shares during the period. LexAurum Advisors LLC grew its stake in shares of General Mills by 15.5% in the 2nd quarter. LexAurum Advisors LLC now owns 8,236 shares of the company’s stock valued at $365,000 after purchasing an additional 1,105 shares during the period. Excalibur Management Corp grew its stake in shares of General Mills by 5.1% in the 2nd quarter. Excalibur Management Corp now owns 23,328 shares of the company’s stock valued at $1,032,000 after purchasing an additional 1,139 shares during the period. Stokes & Hubbell Capital Management LLC grew its stake in shares of General Mills by 10.6% in the 3rd quarter. Stokes & Hubbell Capital Management LLC now owns 11,968 shares of the company’s stock valued at $536,000 after purchasing an additional 1,145 shares during the period. Finally, Atria Investments LLC grew its stake in shares of General Mills by 2.1% in the 2nd quarter. Atria Investments LLC now owns 58,403 shares of the company’s stock valued at $2,585,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

In other General Mills news, insider Kofi A. Bruce sold 2,200 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $47.28, for a total transaction of $104,016.00. Following the transaction, the insider now owns 19,660 shares of the company’s stock, valued at approximately $929,524.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 13,204 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $45.77, for a total value of $604,347.08. Following the transaction, the director now directly owns 82,295 shares in the company, valued at approximately $3,766,642.15. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Shares of GIS opened at $43.52 on Friday. The company has a market capitalization of $25.95 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.83 and a beta of 0.77. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.35 and a current ratio of 0.58. General Mills, Inc. has a one year low of $41.01 and a one year high of $60.69.

General Mills (NYSE:GIS) last announced its earnings results on Tuesday, September 18th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. General Mills had a return on equity of 31.84% and a net margin of 13.19%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business earned $0.71 EPS. General Mills’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.50%. The ex-dividend date is Tuesday, October 9th. General Mills’s dividend payout ratio is 63.02%.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $52.00 price objective on shares of General Mills in a research note on Monday, September 17th. Morgan Stanley assumed coverage on General Mills in a research note on Monday, September 17th. They issued an “equal weight” rating and a $48.00 price objective on the stock. Credit Suisse Group set a $46.00 price objective on General Mills and gave the company a “hold” rating in a research note on Thursday, September 13th. ValuEngine raised General Mills from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Finally, Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.29.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Read More: Return on Equity (ROE)

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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