General Mills, Inc. (GIS) Shares Sold by Homrich & Berg

Homrich & Berg lowered its holdings in General Mills, Inc. (NYSE:GIS) by 46.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,159 shares of the company’s stock after selling 3,570 shares during the quarter. Homrich & Berg’s holdings in General Mills were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LVW Advisors LLC acquired a new stake in General Mills in the 2nd quarter valued at approximately $2,515,000. Captrust Financial Advisors acquired a new stake in General Mills in the 2nd quarter valued at approximately $693,000. 1st Global Advisors Inc. acquired a new stake in General Mills in the 2nd quarter valued at approximately $2,600,000. Albert D Mason Inc. grew its holdings in General Mills by 17.0% in the 3rd quarter. Albert D Mason Inc. now owns 21,170 shares of the company’s stock valued at $1,096,000 after buying an additional 3,075 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in General Mills by 7.4% in the 3rd quarter. Advisor Group Inc. now owns 79,871 shares of the company’s stock valued at $4,136,000 after buying an additional 5,472 shares during the last quarter. 72.89% of the stock is currently owned by hedge funds and other institutional investors.

General Mills, Inc. (NYSE:GIS) opened at $55.95 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $32,111.14, a P/E ratio of 18.94, a P/E/G ratio of 2.48 and a beta of 0.61. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $61.59.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. General Mills’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. analysts forecast that General Mills, Inc. will post 3.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.50%. General Mills’s dividend payout ratio (DPR) is presently 71.79%.

A number of brokerages have commented on GIS. Jefferies Group upgraded General Mills from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, February 14th. Wells Fargo & Co set a $65.00 price objective on General Mills and gave the stock a “buy” rating in a research report on Thursday, December 21st. Piper Jaffray Companies upgraded General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Susquehanna Bancshares set a $60.00 price objective on General Mills and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.11.

In related news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “General Mills, Inc. (GIS) Shares Sold by Homrich & Berg” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/21/general-mills-inc-gis-shares-sold-by-homrich-berg.html.

About General Mills

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.

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply