Peoples Financial Services CORP. boosted its position in General Mills, Inc. (NYSE:GIS) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,000 shares of the company’s stock after buying an additional 1,050 shares during the quarter. Peoples Financial Services CORP.’s holdings in General Mills were worth $1,129,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisors Inc. boosted its stake in shares of General Mills by 25.4% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock worth $60,000 after acquiring an additional 281 shares during the period. Moody National Bank Trust Division boosted its stake in General Mills by 28.3% in the 4th quarter. Moody National Bank Trust Division now owns 2,214 shares of the company’s stock valued at $86,000 after purchasing an additional 489 shares during the period. Highwater Wealth Management LLC bought a new stake in General Mills in the 4th quarter valued at $87,000. Kiley Juergens Wealth Management LLC boosted its stake in General Mills by 108.2% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock valued at $129,000 after purchasing an additional 1,568 shares during the period. Finally, ELM Advisors LLC bought a new stake in General Mills in the 3rd quarter valued at $137,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Mills stock traded down $0.13 on Monday, hitting $41.67. 124,592 shares of the company’s stock traded hands, compared to its average volume of 6,461,047. General Mills, Inc. has a one year low of $36.42 and a one year high of $60.69. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.58 and a quick ratio of 0.36. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.81 and a beta of 0.64.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 19th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. General Mills had a return on equity of 29.44% and a net margin of 12.48%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that General Mills, Inc. will post 3.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Wednesday, January 9th. General Mills’s dividend payout ratio (DPR) is currently 63.02%.
Several equities analysts have weighed in on the company. ValuEngine cut General Mills from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. UBS Group reissued a “buy” rating and set a $40.00 price target on shares of General Mills in a report on Friday, December 14th. Morgan Stanley lowered their price target on General Mills from $48.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, September 20th. Jefferies Financial Group set a $55.00 target price on General Mills and gave the stock a “buy gis” rating in a report on Monday, December 24th. Finally, Standpoint Research began coverage on General Mills in a report on Wednesday, December 26th. They issued a “buy” rating and a $37.59 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.37.
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General Mills 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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