Ingalls & Snyder LLC lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,031 shares of the company’s stock after selling 4,957 shares during the quarter. Ingalls & Snyder LLC’s holdings in General Mills were worth $14,943,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of General Mills by 1.4% during the second quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after purchasing an additional 533,919 shares during the last quarter. American Century Companies Inc. grew its holdings in General Mills by 15.9% during the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after acquiring an additional 1,550,074 shares during the period. American International Group Inc. grew 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 worth $467,276,000 after acquiring an additional 8,528,534 shares during the period. Bank of New York Mellon Corp grew its holdings in General Mills by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock worth $387,691,000 after acquiring an additional 890,262 shares during the period. Finally, Federated Investors Inc. PA grew 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 worth $250,196,000 after acquiring an additional 2,195,397 shares during the period. Institutional investors and hedge funds own 72.58% of the company’s stock.
General Mills, Inc. (GIS) traded up $0.45 during trading on Friday, reaching $59.11. The company’s stock had a trading volume of 4,130,000 shares, compared to its average volume of 3,820,000. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market capitalization of $33,640.00, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.73.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. equities research analysts anticipate that General Mills, Inc. will post 3.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Tuesday, January 9th. General Mills’s payout ratio is currently 71.79%.
A number of research analysts recently weighed in on GIS shares. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Jefferies Group started coverage on General Mills in a report on Friday, October 20th. They set a “hold” rating and a $56.00 price objective on the stock. Susquehanna Bancshares set a $57.00 price objective on General Mills and gave the stock a “hold” rating in a report on Wednesday, December 13th. Societe Generale raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Edward Jones reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $58.28.
In related news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.
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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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