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.
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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.
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