Main Street Group LTD Has $113,000 Holdings in General Mills, Inc. (NYSE:GIS)

Main Street Group LTD decreased its stake in General Mills, Inc. (NYSE:GIS) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,779 shares of the company’s stock after selling 243 shares during the quarter. Main Street Group LTD’s holdings in General Mills were worth $113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIS. Private Trust Co. NA raised its position in shares of General Mills by 1.4% during the first quarter. Private Trust Co. NA now owns 10,280 shares of the company’s stock worth $719,000 after purchasing an additional 140 shares during the period. North Star Investment Management Corp. raised its holdings in shares of General Mills by 0.8% in the 1st quarter. North Star Investment Management Corp. now owns 17,228 shares of the company’s stock worth $1,205,000 after acquiring an additional 145 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in General Mills by 4.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company’s stock valued at $206,000 after acquiring an additional 151 shares in the last quarter. Park Place Capital Corp boosted its stake in General Mills by 40.6% during the 1st quarter. Park Place Capital Corp now owns 540 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Secure Asset Management LLC increased its holdings in General Mills by 5.0% during the 2nd quarter. Secure Asset Management LLC now owns 3,305 shares of the company’s stock worth $209,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE:GIS traded up $0.55 during trading on Friday, hitting $75.06. 4,057,900 shares of the company were exchanged, compared to its average volume of 3,955,089. The company has a market cap of $41.89 billion, a PE ratio of 17.42, a P/E/G ratio of 4.09 and a beta of 0.10. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $75.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. The stock has a 50 day moving average of $67.64 and a 200 day moving average of $67.85.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. As a group, equities research analysts predict that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a dividend yield of 3.20%. General Mills’s dividend payout ratio is 55.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Thursday, June 27th. Sanford C. Bernstein raised shares of General Mills from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $62.00 to $70.00 in a research report on Wednesday, May 15th. Wells Fargo & Company reduced their target price on General Mills from $70.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, June 27th. Evercore ISI dropped their price target on General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. Finally, Argus restated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.56.

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 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.