Whittier Trust Co. of Nevada Inc. boosted its stake in General Mills, Inc. (NYSE:GIS) by 51.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,894 shares of the company’s stock after purchasing an additional 8,798 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in General Mills were worth $1,536,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Gradient Investments LLC lifted its stake in General Mills by 11.6% in the 4th quarter. Gradient Investments LLC now owns 135,276 shares of the company’s stock worth $8,021,000 after purchasing an additional 14,031 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in General Mills by 2.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 58,398 shares of the company’s stock worth $3,462,000 after purchasing an additional 1,338 shares in the last quarter. KBC Group NV lifted its stake in General Mills by 10.4% in the 4th quarter. KBC Group NV now owns 336,674 shares of the company’s stock worth $19,962,000 after purchasing an additional 31,853 shares in the last quarter. Biondo Investment Advisors LLC lifted its stake in General Mills by 2.5% in the 4th quarter. Biondo Investment Advisors LLC now owns 64,642 shares of the company’s stock worth $3,833,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Chilton Investment Co. LLC lifted its stake in General Mills by 72.3% in the 4th quarter. Chilton Investment Co. LLC now owns 56,482 shares of the company’s stock worth $3,349,000 after purchasing an additional 23,700 shares in the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.
GIS has been the topic of several research analyst reports. Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the stock a “buy” rating in a research note on Thursday, December 21st. Susquehanna Bancshares set a $56.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday, October 17th. Royal Bank of Canada set a $58.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Monday, October 23rd. Jefferies Group started coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 target price on the stock. Finally, Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.28.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
General Mills, Inc. (GIS) opened at $54.72 on Monday. The company has a market cap of $31,138.08, a PE ratio of 20.04, a P/E/G ratio of 2.41 and a beta of 0.61. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $63.73. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. equities analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a dividend of $0.49 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a yield of 3.58%. General Mills’s payout ratio is 71.79%.
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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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