Dupont Capital Management Corp grew its stake in General Mills, Inc. (NYSE:GIS) by 882.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,937 shares of the company’s stock after purchasing an additional 57,432 shares during the period. Dupont Capital Management Corp’s holdings in General Mills were worth $3,791,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in GIS. American International Group Inc. grew its stake in shares of General Mills by 1,708.4% in the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after purchasing an additional 8,528,534 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of General Mills by 3,178.6% in the 2nd 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 in the last quarter. Stifel Financial Corp boosted its holdings in shares of General Mills by 28,570.2% in the 3rd quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock worth $86,610,000 after acquiring an additional 1,665,641 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of General Mills by 15.9% in the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after acquiring an additional 1,550,074 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of General Mills by 13.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock worth $387,691,000 after acquiring an additional 890,262 shares in the last quarter. Institutional investors own 72.84% of the company’s stock.
General Mills, Inc. (NYSE:GIS) traded up $0.73 during trading hours on Friday, reaching $54.72. The company’s stock had a trading volume of 3,020,509 shares, compared to its average volume of 3,388,864. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $63.73. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. The firm has a market cap of $31,138.09, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. analysts forecast that General Mills, Inc. will post 3.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is currently 71.79%.
Several brokerages have recently commented on GIS. Credit Suisse Group set a $62.00 target price on General Mills and gave the stock a “hold” rating in a report on Thursday, January 18th. Susquehanna Bancshares set a $61.00 target price on General Mills and gave the stock a “hold” rating in a report on Friday, January 5th. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price on the stock in a report on Wednesday, January 3rd. Argus reissued a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Finally, BMO Capital Markets reissued a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.28.
In other news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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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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