Hermes Investment Management Ltd. lifted its holdings in General Mills, Inc. (NYSE:GIS) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,382 shares of the company’s stock after purchasing an additional 47,415 shares during the quarter. Hermes Investment Management Ltd. owned 0.06% of General Mills worth $16,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the company. Flossbach Von Storch AG purchased a new stake in General Mills during the second quarter valued at $227,578,000. Janus Henderson Group PLC increased its position in 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 valued at $144,666,000 after acquiring an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA increased its position in General Mills by 94.6% during the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares during the last quarter. Morgan Stanley increased its position in General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after acquiring an additional 1,603,577 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in General Mills by 146.2% during the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after acquiring an additional 1,190,200 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.
General Mills, Inc. (NYSE GIS) opened at $53.72 on Friday. General Mills, Inc. has a one year low of $49.65 and a one year high of $64.06. The company has a market capitalization of $30,531.17, a P/E ratio of 17.85, a P/E/G ratio of 2.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company posted $0.78 earnings per share. General Mills’s quarterly revenue was down 3.6% on a year-over-year basis. equities analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is presently 70.25%.
A number of analysts recently commented on the company. Bank of America Corporation reduced their price objective on General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. Citigroup Inc. reissued a “buy” rating and set a $67.00 price target on shares of General Mills in a report on Thursday, September 21st. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 price target on shares of General Mills in a report on Wednesday, September 6th. BMO Capital Markets reissued a “hold” rating and set a $60.00 price target on shares of General Mills in a report on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc reissued a “hold” rating and set a $58.00 price target on shares of General Mills in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.60.
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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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