InterOcean Capital LLC Has $1.43 Million Position in General Mills, Inc. (GIS)

InterOcean Capital LLC cut its stake in General Mills, Inc. (NYSE:GIS) by 40.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,863 shares of the company’s stock after selling 17,660 shares during the quarter. InterOcean Capital LLC’s holdings in General Mills were worth $1,433,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. grew its stake in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Hanson McClain Inc. grew its stake in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after purchasing an additional 35 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after purchasing an additional 69 shares in the last quarter. IHT Wealth Management LLC grew its stake in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after purchasing an additional 627 shares in the last quarter. Finally, V Wealth Management LLC acquired a new position in General Mills in the second quarter valued at approximately $178,000. Institutional investors own 69.88% of the company’s stock.

A number of equities analysts have commented on GIS shares. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $56.00 target price on General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. BMO Capital Markets restated a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. General Mills presently has a consensus rating of “Hold” and an average target price of $56.60.

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General Mills, Inc. (NYSE GIS) opened at $53.62 on Wednesday. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The firm has a market cap of $30,104.89, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. equities analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s payout ratio is 70.25%.

General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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

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