Financial Counselors Inc. lifted its position in General Mills, Inc. (NYSE:GIS) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,863 shares of the company’s stock after buying an additional 2,194 shares during the period. Financial Counselors Inc.’s holdings in General Mills were worth $9,983,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of GIS. American International Group Inc. increased its holdings in General Mills by 1,708.4% during the third quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after buying an additional 8,528,534 shares during the last quarter. Flossbach Von Storch AG purchased a new stake in General Mills during the second quarter valued at approximately $227,578,000. Janus Henderson Group PLC increased its holdings in General Mills by 3,178.6% during the second quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after buying an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA increased its holdings in General Mills by 94.6% during the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after buying an additional 2,195,397 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in General Mills by 28,570.2% during the third quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock valued at $86,610,000 after buying an additional 1,665,641 shares during the last quarter. Institutional investors own 72.59% of the company’s stock.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the transaction, the insider now owns 36,089 shares in the company, valued at $2,143,686.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
General Mills, Inc. (NYSE:GIS) opened at $58.09 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $63.73. The firm has a market cap of $33,060.00, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.64 and a beta of 0.66.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. General Mills’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts expect that General Mills, Inc. will post 3.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.37%. General Mills’s dividend payout ratio is 71.79%.
A number of analysts have commented on the stock. Bank of America reduced their target price on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Citigroup reaffirmed a “buy” rating and set a $67.00 target price on shares of General Mills in a report on Thursday, September 21st. Credit Suisse Group reissued a “neutral” rating and issued a $53.00 price objective on shares of General Mills in a research note on Monday, September 25th. Susquehanna Bancshares reissued a “hold” rating and issued a $58.00 price objective on shares of General Mills in a research note on Tuesday, September 19th. Finally, Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.17.
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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.
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