Navellier & Associates Inc reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,842 shares of the company’s stock after selling 4,102 shares during the quarter. Navellier & Associates Inc’s holdings in General Mills were worth $1,176,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Cable Hill Partners LLC raised its stake in General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the period. Grove Bank & Trust raised its stake in General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares during the period. Spectrum Management Group Inc. acquired a new stake in General Mills during the 3rd quarter valued at $135,000. Tradewinds Capital Management LLC raised its stake in General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the period. Finally, Front Row Advisors LLC acquired a new stake in General Mills during the 4th quarter valued at $166,000. 72.89% of the stock is currently owned by institutional investors.
GIS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Susquehanna Bancshares set a $57.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, December 13th. Wells Fargo & Co raised shares of General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a research note on Monday, December 18th. Finally, Edward Jones reissued a “hold” rating on shares of General Mills in a research note on Wednesday, December 20th. Two 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 company. General Mills currently has an average rating of “Hold” and a consensus target price of $58.30.
In related 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 directly owns 36,089 shares in the company, valued at $2,143,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
General Mills, Inc. (NYSE:GIS) opened at $52.98 on Friday. 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 fifty-two week low of $49.65 and a fifty-two week high of $61.38. The company has a market cap of $30,150.00, a price-to-earnings ratio of 19.41, a PEG ratio of 2.40 and a beta of 0.61.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.82. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. General Mills’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. sell-side analysts predict that General Mills, Inc. will post 3.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Tuesday, January 9th. General Mills’s dividend payout ratio is presently 71.79%.
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General Mills 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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