Ferris Capital LLC purchased a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 11,874 shares of the company’s stock, valued at approximately $704,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of General Mills by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock valued at $2,214,240,000 after buying an additional 533,919 shares during the period. American Century Companies Inc. grew its stake in shares of General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after buying an additional 1,550,074 shares during the period. American International Group Inc. grew its stake in shares of General Mills by 1,708.4% during the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after buying an additional 8,528,534 shares during the period. Bank of New York Mellon Corp grew its stake in shares of General Mills by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,499,301 shares of the company’s stock valued at $503,923,000 after buying an additional 1,009,126 shares during the period. Finally, Capital World Investors grew its stake in shares of General Mills by 26.2% during the 2nd quarter. Capital World Investors now owns 4,100,000 shares of the company’s stock valued at $227,140,000 after buying an additional 850,000 shares during the period. Institutional investors own 72.89% of the company’s stock.
In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
Shares of General Mills, Inc. (NYSE:GIS) opened at $56.43 on Monday. 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, Inc. has a 12-month low of $49.65 and a 12-month high of $61.59. The firm has a market cap of $32,110.00, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.48 and a beta of 0.61.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. analysts anticipate that General Mills, Inc. will post 3.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.49 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. General Mills’s dividend payout ratio (DPR) is 71.79%.
GIS has been the subject of several research reports. Wells Fargo & Co set a $65.00 price objective on shares of General Mills and gave the company a “buy” rating in a research note on Thursday, December 21st. Jefferies Group raised shares of General Mills from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, February 14th. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Susquehanna Bancshares set a $57.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. General Mills presently has an average rating of “Hold” and an average price target of $58.11.
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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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