Intl Fcstone Inc. raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 158.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,228 shares of the company’s stock after buying an additional 19,769 shares during the quarter. Intl Fcstone Inc.’s holdings in General Mills were worth $1,785,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. grew its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Winslow Evans & Crocker Inc. grew its holdings in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after buying an additional 69 shares during the last quarter. IHT Wealth Management LLC grew its holdings in General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after buying an additional 627 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in General Mills during the 2nd quarter valued at $158,000. Finally, Lenox Wealth Management Inc. grew its holdings in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Susquehanna Bancshares Inc reissued a “hold” rating and set a $58.00 price target on shares of General Mills in a research note on Tuesday, September 19th. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the stock a “sell” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reissued a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. General Mills has a consensus rating of “Hold” and a consensus target price of $56.60.
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General Mills, Inc. (NYSE GIS) opened at $53.72 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market capitalization of $30,500.00, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.02 and a beta of 0.63. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). The firm 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 company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 3.65%. General Mills’s dividend payout ratio is currently 70.25%.
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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