Steigerwald Gordon & Koch Inc. Purchases 3,741 Shares of General Mills, Inc. (NYSE:GIS)

Steigerwald Gordon & Koch Inc. boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,354 shares of the company’s stock after acquiring an additional 3,741 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in General Mills were worth $12,358,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in General Mills by 5.7% during the second quarter. Daiwa Securities Group Inc. now owns 61,535 shares of the company’s stock worth $3,893,000 after buying an additional 3,310 shares during the last quarter. LGT Group Foundation bought a new position in General Mills during the second quarter worth about $204,000. Choreo LLC boosted its holdings in General Mills by 135.0% during the second quarter. Choreo LLC now owns 24,122 shares of the company’s stock worth $1,527,000 after buying an additional 13,858 shares during the last quarter. Prudential PLC boosted its holdings in General Mills by 12.4% during the second quarter. Prudential PLC now owns 338,020 shares of the company’s stock worth $21,383,000 after buying an additional 37,319 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in General Mills by 4.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 9,135 shares of the company’s stock worth $578,000 after buying an additional 352 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

GIS traded up $0.51 during trading on Tuesday, reaching $75.66. 160,919 shares of the company were exchanged, compared to its average volume of 3,931,475. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The company has a market cap of $42.11 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 4.25 and a beta of 0.10. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $75.75. The company’s 50-day moving average is $67.88 and its two-hundred day moving average is $67.95.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the company earned $1.12 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.49 earnings per share for the current fiscal year.

General Mills Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend 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 3.17%. General Mills’s payout ratio is currently 55.68%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GIS shares. The Goldman Sachs Group started coverage on General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 target price on the stock. Mizuho dropped their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Argus reiterated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Barclays dropped their price target on General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, June 28th. Finally, Bank of America decreased their price objective on General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.07.

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.