Ingalls & Snyder LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,758 shares of the company’s stock after selling 295 shares during the period. Ingalls & Snyder LLC’s holdings in General Mills were worth $1,755,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GIS. California State Teachers Retirement System raised its holdings in General Mills by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 1,020,468 shares of the company’s stock valued at $56,248,000 after acquiring an additional 2,895 shares during the period. MAI Capital Management raised its holdings in General Mills by 4.8% during the 3rd quarter. MAI Capital Management now owns 6,800 shares of the company’s stock valued at $375,000 after acquiring an additional 309 shares during the period. Boenning & Scattergood Inc. bought a new stake in General Mills during the 3rd quarter valued at $204,000. National Pension Service raised its holdings in General Mills by 15.7% during the 2nd quarter. National Pension Service now owns 773,601 shares of the company’s stock valued at $40,630,000 after acquiring an additional 104,886 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of General Mills in the third quarter worth $729,000. Institutional investors and hedge funds own 69.56% of the company’s stock.
GIS has been the topic of several research analyst reports. Deutsche Bank initiated coverage on shares of General Mills in a report on Wednesday, December 11th. They issued a “buy” rating and a $61.00 price target on the stock. UBS Group upped their price target on shares of General Mills from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Morgan Stanley upped their price target on shares of General Mills from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, September 19th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $57.00 price target on shares of General Mills in a report on Wednesday, December 18th. Finally, Evercore ISI initiated coverage on shares of General Mills in a report on Friday, December 20th. They issued a “hold” rating and a $56.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and a consensus price target of $55.50.
Shares of NYSE:GIS opened at $53.37 on Thursday. General Mills, Inc. has a 52-week low of $41.69 and a 52-week high of $56.40. The firm has a fifty day moving average of $52.82 and a 200 day moving average of $53.24. The firm has a market capitalization of $32.06 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.37 and a current ratio of 0.61.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. General Mills had a net margin of 12.62% and a return on equity of 27.33%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that General Mills, Inc. will post 3.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.49 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.96 annualized dividend and a yield of 3.67%. General Mills’s dividend payout ratio (DPR) is presently 60.87%.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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