Flossbach Von Storch AG lessened its position in General Mills, Inc. (NYSE:GIS) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,622,280 shares of the company’s stock after selling 449,499 shares during the period. General Mills comprises about 2.1% of Flossbach Von Storch AG’s portfolio, making the stock its 17th largest holding. Flossbach Von Storch AG owned 0.64% of General Mills worth $214,765,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in shares of General Mills by 2.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 58,398 shares of the company’s stock valued at $3,462,000 after buying an additional 1,338 shares in the last quarter. KBC Group NV raised its position in shares of General Mills by 10.4% in the 4th quarter. KBC Group NV now owns 336,674 shares of the company’s stock valued at $19,962,000 after buying an additional 31,853 shares in the last quarter. Biondo Investment Advisors LLC raised its position in shares of General Mills by 2.5% in the 4th quarter. Biondo Investment Advisors LLC now owns 64,642 shares of the company’s stock valued at $3,833,000 after buying an additional 1,555 shares in the last quarter. Chilton Investment Co. LLC raised its position in shares of General Mills by 72.3% in the 4th quarter. Chilton Investment Co. LLC now owns 56,482 shares of the company’s stock valued at $3,349,000 after buying an additional 23,700 shares in the last quarter. Finally, Bedel Financial Consulting Inc. acquired a new position in shares of General Mills in the 4th quarter valued at approximately $220,000. 72.59% of the stock is owned by institutional investors.
Several equities analysts have recently commented on the stock. Jefferies Group upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday. Credit Suisse Group set a $62.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Thursday, January 18th. Susquehanna Bancshares set a $61.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Friday, January 5th. Piper Jaffray Companies raised 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 reissued a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.11.
General Mills, Inc. (GIS) traded down $0.46 on Friday, reaching $56.43. 3,361,001 shares of the company’s stock traded hands, compared to its average volume of 3,310,000. 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 1 year low of $49.65 and a 1 year high of $61.59. The firm has a market capitalization of $32,110.00, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) 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 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 posted $0.85 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. analysts forecast that General Mills, Inc. will post 3.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a $0.49 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.47%. General Mills’s payout ratio is 71.79%.
In other 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 value of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
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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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