WINTON GROUP Ltd grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 58.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,817 shares of the company’s stock after purchasing an additional 9,880 shares during the quarter. WINTON GROUP Ltd’s holdings in General Mills were worth $1,486,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Flossbach Von Storch AG purchased a new stake in shares of General Mills during the second quarter worth about $227,578,000. Janus Henderson Group PLC increased its position in shares of General Mills by 3,178.6% during the second quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock worth $144,666,000 after acquiring an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of General Mills by 94.6% during the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after acquiring an additional 2,195,397 shares during the last quarter. Morgan Stanley increased its position in shares of General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after acquiring an additional 1,603,577 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of General Mills by 146.2% during the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock worth $118,274,000 after acquiring an additional 1,190,200 shares during the last quarter. Institutional investors own 69.88% of the company’s stock.
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General Mills, Inc. (NYSE:GIS) opened at $52.53 on Thursday. The company has a market capitalization of $30,758.48, a P/E ratio of 17.98, a PEG ratio of 2.02 and a beta of 0.63. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $64.06. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. sell-side analysts predict that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, October 6th. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
A number of analysts have recently issued reports on the company. Piper Jaffray Companies set a $56.00 target price on General Mills and gave the stock a “sell” rating in a research report on Monday, August 7th. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Societe Generale raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc set a $56.00 target price on General Mills and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.60.
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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