Oxbow Advisors LLC grew its holdings in General Mills, Inc. (NYSE:GIS) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,470 shares of the company’s stock after purchasing an additional 2,435 shares during the period. Oxbow Advisors LLC’s holdings in General Mills were worth $4,269,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Kistler Tiffany Companies LLC increased its stake in General Mills by 42.8% in the third quarter. Kistler Tiffany Companies LLC now owns 4,005 shares of the company’s stock worth $207,000 after purchasing an additional 1,200 shares during the period. Fisher Asset Management LLC increased its stake in General Mills by 18.3% in the third quarter. Fisher Asset Management LLC now owns 8,008 shares of the company’s stock worth $415,000 after purchasing an additional 1,241 shares during the period. Summit X LLC increased its stake in General Mills by 12.9% in the third quarter. Summit X LLC now owns 13,688 shares of the company’s stock worth $710,000 after purchasing an additional 1,568 shares during the period. Viking Fund Management LLC increased its stake in General Mills by 45.0% in the third quarter. Viking Fund Management LLC now owns 29,000 shares of the company’s stock worth $1,501,000 after purchasing an additional 9,000 shares during the period. Finally, Albert D Mason Inc. increased its stake in General Mills by 17.0% in the third quarter. Albert D Mason Inc. now owns 21,170 shares of the company’s stock worth $1,096,000 after purchasing an additional 3,075 shares during the period. Institutional investors and hedge funds own 71.32% of the company’s stock.
A number of research firms have weighed in on GIS. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company reduced their target price on General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a research note on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $56.00 price target on General Mills and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. General Mills presently has a consensus rating of “Hold” and an average target price of $56.60.
Shares of General Mills, Inc. (GIS) opened at $53.52 on Wednesday. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $64.06. The firm has a market capitalization of $30,826.68, a PE ratio of 18.02, a P/E/G ratio of 2.02 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 issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share 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 company 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 business earned $0.78 EPS. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. equities analysts expect that General Mills, Inc. will post 3.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s payout ratio is currently 70.25%.
General Mills 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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