Daiwa Securities Group Inc. Has $3.89 Million Holdings in General Mills, Inc. (NYSE:GIS)

Daiwa Securities Group Inc. raised its holdings in General Mills, Inc. (NYSE:GIS) by 5.7% in the second quarter, Holdings Channel reports. The fund owned 61,535 shares of the company’s stock after acquiring an additional 3,310 shares during the period. Daiwa Securities Group Inc.’s holdings in General Mills were worth $3,893,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Rise Advisors LLC grew its position in shares of General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after purchasing an additional 273 shares during the period. Capital Advisors Ltd. LLC lifted its stake in General Mills by 409.8% in the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of General Mills by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after buying an additional 229 shares during the period. RFP Financial Group LLC increased its position in shares of General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its position in General Mills by 769.2% in the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research reports. Barclays lowered their target price on General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, June 28th. Argus restated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Bank of America raised their price target on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus cut their price objective on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, June 27th. Finally, Evercore ISI decreased their target price on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and an average target price of $69.53.

General Mills Price Performance

Shares of NYSE GIS opened at $73.02 on Friday. 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 business’s 50 day moving average price is $68.51 and its two-hundred day moving average price is $68.09. The company has a market cap of $40.76 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 4.25 and a beta of 0.10. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $75.90.

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

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

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.