Investors sold shares of General Mills, Inc. (NYSE:GIS) on strength during trading hours on Thursday. $28.40 million flowed into the stock on the tick-up and $47.28 million flowed out of the stock on the tick-down, for a money net flow of $18.88 million out of the stock. Of all stocks tracked, General Mills had the 0th highest net out-flow for the day. General Mills traded up $0.15 for the day and closed at $56.22
GIS has been the subject of several research analyst reports. Susquehanna Bancshares Inc set a $59.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Sunday, June 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $52.00 target price (down previously from $59.00) on shares of General Mills in a report on Friday, June 30th. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Stifel Nicolaus reduced their target price on shares of General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, June 29th. Finally, Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $59.93.
The company has a market capitalization of $32.42 billion, a price-to-earnings ratio of 20.28 and a beta of 0.61. The stock has a 50-day moving average price of $55.28 and a 200-day moving average price of $58.21.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. General Mills’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.49 dividend. This is an increase from General Mills’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Thursday, July 6th. General Mills’s dividend payout ratio (DPR) is currently 70.76%.
A number of large investors have recently made changes to their positions in the stock. Alpha Windward LLC increased its stake in shares of General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock worth $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock worth $372,000 after buying an additional 162 shares in the last quarter. Integrated Wealth Management increased its stake in shares of General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock worth $519,000 after buying an additional 54 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of General Mills by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,772 shares of the company’s stock worth $870,000 after buying an additional 252 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of General Mills during the first quarter worth $498,000. 70.35% of the stock is currently owned by institutional investors and hedge funds.
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About General Mills
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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