Captrust Financial Advisors bought a new position in General Mills, Inc. (NYSE:GIS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,510 shares of the company’s stock, valued at approximately $693,000.
A number of other large investors have also modified their holdings of GIS. Flossbach Von Storch AG purchased a new position in General Mills in the 2nd quarter worth about $227,578,000. Federated Investors Inc. PA raised its position in General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after buying an additional 2,195,397 shares during the last quarter. Morgan Stanley raised its position in General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after buying an additional 1,603,577 shares during the last quarter. Renaissance Technologies LLC raised its position in General Mills by 146.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock worth $118,274,000 after buying an additional 1,190,200 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in General Mills by 17.0% in the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock worth $268,283,000 after buying an additional 660,726 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.
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General Mills, Inc. (NYSE GIS) traded up $1.50 during trading hours on Friday, hitting $53.28. The stock had a trading volume of 5,058,900 shares, compared to its average volume of 3,696,694. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The firm has a market cap of $29,428.57, a PE ratio of 17.20, a P/E/G ratio of 1.93 and a beta of 0.63. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. research analysts forecast that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s dividend payout ratio (DPR) is 70.25%.
GIS has been the subject of a number of recent research reports. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets restated a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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.
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