Matrix Asset Advisors Inc. NY Acquires 6,616 Shares of General Mills, Inc. (GIS)

Matrix Asset Advisors Inc. NY lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,179 shares of the company’s stock after acquiring an additional 6,616 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in General Mills were worth $6,492,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. American Century Companies Inc. increased its position in shares of General Mills by 7.3% during the second quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock worth $539,908,000 after acquiring an additional 659,156 shares in the last quarter. Morgan Stanley grew its position in General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after purchasing an additional 1,603,577 shares in the last quarter. Geode Capital Management LLC grew its position in General Mills by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after purchasing an additional 295,119 shares in the last quarter. Schroder Investment Management Group grew its position in General Mills by 17.0% in the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock worth $268,283,000 after purchasing an additional 660,726 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after purchasing an additional 2,195,397 shares in the last quarter. 70.45% of the stock is owned by institutional investors.

WARNING: “Matrix Asset Advisors Inc. NY Acquires 6,616 Shares of General Mills, Inc. (GIS)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/matrix-asset-advisors-inc-ny-acquires-6616-shares-of-general-mills-inc-gis.html.

Shares of General Mills, Inc. (NYSE:GIS) opened at 52.25 on Thursday. The company’s 50 day moving average is $52.96 and its 200-day moving average is $55.52. General Mills, Inc. has a 52 week low of $50.13 and a 52 week high of $64.06. The stock has a market capitalization of $29.70 billion, a PE ratio of 18.72 and a beta of 0.61.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. On average, equities analysts predict that General Mills, Inc. will post $3.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Friday, October 6th. General Mills’s payout ratio is 70.25%.

A number of equities research analysts have issued reports on GIS shares. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Sunday, June 25th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $57.00 price objective (down from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $52.00 price objective (down from $59.00) on shares of General Mi

Several other large investors have also bought and sold shares of the company. American Century Companies Inc. increased its position in shares of General Mills by 7.3% during the second quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock worth $539,908,000 after acquiring an additional 659,156 shares in the last quarter. Morgan Stanley grew its position in General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after purchasing an additional 1,603,577 shares in the last quarter. Geode Capital Management LLC grew its position in General Mills by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after purchasing an additional 295,119 shares in the last quarter. Schroder Investment Management Group grew its position in General Mills by 17.0% in the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock worth $268,283,000 after purchasing an additional 660,726 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after purchasing an additional 2,195,397 shares in the last quarter. 70.45% of the stock is owned by institutional investors.

WARNING: “Matrix Asset Advisors Inc. NY Acquires 6,616 Shares of General Mills, Inc. (GIS)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/matrix-asset-advisors-inc-ny-acquires-6616-shares-of-general-mills-inc-gis.html.

Shares of General Mills, Inc. (NYSE:GIS) opened at 52.25 on Thursday. The company’s 50 day moving average is $52.96 and its 200-day moving average is $55.52. General Mills, Inc. has a 52 week low of $50.13 and a 52 week high of $64.06. The stock has a market capitalization of $29.70 billion, a PE ratio of 18.72 and a beta of 0.61.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. On average, equities analysts predict that General Mills, Inc. will post $3.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Friday, October 6th. General Mills’s payout ratio is 70.25%.

A number of equities research analysts have issued reports on GIS shares. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Sunday, June 25th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $57.00 price objective (down from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $52.00 price objective (down from $59.00) on shares of General Mills in a research report on Friday, June 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.64.

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

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