Sowell Financial Services LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 173.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,209 shares of the company’s stock after purchasing an additional 41,998 shares during the period. Sowell Financial Services LLC’s holdings in General Mills were worth $3,884,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bollard Group LLC grew its holdings in shares of General Mills by 3.3% during the fourth quarter. Bollard Group LLC now owns 52,269 shares of the company’s stock valued at $3,099,000 after buying an additional 1,686 shares during the last quarter. Epstein & White Financial LLC purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $322,000. PGGM Investments grew its holdings in shares of General Mills by 42.0% during the fourth quarter. PGGM Investments now owns 1,297,500 shares of the company’s stock valued at $76,929,000 after buying an additional 383,702 shares during the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $456,000. Finally, Advisor Partners LLC grew its holdings in shares of General Mills by 40.3% during the fourth quarter. Advisor Partners LLC now owns 11,705 shares of the company’s stock valued at $692,000 after buying an additional 3,360 shares during the last quarter. 72.59% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the company a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price on the stock in a report on Wednesday, January 3rd. Finally, Argus restated a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. General Mills has an average rating of “Hold” and a consensus price target of $58.28.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at $2,143,686.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
General Mills, Inc. (NYSE GIS) opened at $54.92 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $63.73. The firm has a market cap of $31,138.08, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61.
General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. sell-side analysts predict that General Mills, Inc. will post 3.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.49 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a yield of 3.57%. General Mills’s payout ratio is presently 71.79%.
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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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