Gulf International Bank UK Ltd decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,958 shares of the company’s stock after selling 66,114 shares during the quarter. Gulf International Bank UK Ltd’s holdings in General Mills were worth $5,605,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of GIS. Cornerstone Advisors Inc. lifted its holdings in shares of General Mills by 25.4% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock valued at $60,000 after acquiring an additional 281 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of General Mills by 28.3% during the 4th quarter. Moody National Bank Trust Division now owns 2,214 shares of the company’s stock valued at $86,000 after acquiring an additional 489 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its holdings in shares of General Mills by 108.2% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock valued at $129,000 after acquiring an additional 1,568 shares in the last quarter. ELM Advisors LLC acquired a new position in shares of General Mills during the 3rd quarter valued at $137,000. Finally, Selective Wealth Management acquired a new position in shares of General Mills during the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 68.57% of the company’s stock.
GIS opened at $40.42 on Thursday. The stock has a market capitalization of $23.76 billion, a PE ratio of 13.00, a P/E/G ratio of 1.78 and a beta of 0.64. General Mills, Inc. has a 1-year low of $36.42 and a 1-year high of $60.69. The company has a quick ratio of 0.36, a current ratio of 0.58 and a debt-to-equity ratio of 1.75.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 19th. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. General Mills had a net margin of 12.48% and a return on equity of 29.44%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that General Mills, Inc. will post 3.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Wednesday, January 9th. General Mills’s dividend payout ratio is presently 63.02%.
A number of brokerages have commented on GIS. UBS Group set a $46.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Wednesday, September 19th. Morgan Stanley set a $41.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Friday, December 21st. Wells Fargo & Co set a $46.00 price objective on shares of General Mills and gave the stock a “buy” rating in a report on Thursday, December 20th. Credit Suisse Group set a $46.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Thursday, September 13th. Finally, Piper Jaffray Companies reiterated an “average” rating and issued a $47.00 price objective on shares of General Mills in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.37.
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About General Mills
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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