Atlantic Trust Group LLC Boosts Holdings in General Mills, Inc. (GIS)

Atlantic Trust Group LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 7.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,747 shares of the company’s stock after buying an additional 8,498 shares during the period. Atlantic Trust Group LLC’s holdings in General Mills were worth $6,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flossbach Von Storch AG purchased a new stake in General Mills in the second quarter valued at $227,578,000. Federated Investors Inc. PA raised its position in General Mills by 94.6% in the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after purchasing an additional 2,195,397 shares during the period. Morgan Stanley raised its position in General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after purchasing an additional 1,603,577 shares during the period. Renaissance Technologies LLC raised its position in General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares during the period. Finally, Schroder Investment Management Group raised its position in General Mills by 17.0% in the first quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock valued at $268,283,000 after purchasing an additional 660,726 shares during the period. 70.39% of the stock is currently owned by institutional investors.



Shares of General Mills, Inc. (GIS) traded down 0.37% during mid-day trading on Friday, hitting $51.57. The company had a trading volume of 2,096,654 shares. The stock has a market cap of $29.31 billion, a price-to-earnings ratio of 18.48 and a beta of 0.61. General Mills, Inc. has a 52-week low of $50.13 and a 52-week high of $64.06. The stock’s 50-day moving average is $52.72 and its 200-day moving average is $55.30.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the company earned $0.78 earnings per share. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts forecast that General Mills, Inc. will post $3.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.80%. General Mills’s payout ratio is presently 70.25%.

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GIS has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $52.00 price objective (down previously from $59.00) on shares of General Mills in a report on Friday, June 30th. UBS AG reiterated a “neutral” rating and issued a $58.00 price objective (down previously from $61.00) on shares of General Mills in a report on Friday, June 30th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $58.00 price objective (down previously from $59.00) on shares of General Mills in a report on Friday, June 30th. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.60.

General Mills 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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