Public Employees Retirement System of Ohio lowered its position in shares of General Mills, Inc. (NYSE:GIS) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 431,758 shares of the company’s stock after selling 8,671 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of General Mills worth $25,478,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alpha Windward LLC increased its position 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 during 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 valued at $372,000 after buying an additional 162 shares during 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 valued at $519,000 after buying an additional 54 shares during 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 valued at $870,000 after buying an additional 252 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of General Mills during the first quarter valued at about $498,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.
Shares of General Mills, Inc. (GIS) traded down 0.061% during mid-day trading on Tuesday, hitting $57.365. 759,261 shares of the company traded hands. The firm has a market cap of $33.11 billion, a price-to-earnings ratio of 20.709 and a beta of 0.61. The firm has a 50-day moving average price of $55.05 and a 200 day moving average price of $57.85. General Mills, Inc. has a 52-week low of $53.24 and a 52-week high of $71.96.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. General Mills had a net margin of 10.40% and a return on equity of 39.09%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the company earned $0.66 EPS. General Mills’s revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post $3.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a yield of 3.41%. General Mills’s dividend payout ratio is currently 70.76%.
GIS has been the subject of several analyst reports. Royal Bank Of Canada set a $65.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research note on Monday, April 24th. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $58.98 price objective on the stock in a report on Monday, May 1st. Credit Suisse Group reissued a “neutral” rating and set a $56.00 price objective (down from $65.00) on shares of General Mills in a report on Friday, May 19th. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Finally, Piper Jaffray Companies assumed coverage on shares of General Mills in a report on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 price target on the stock. 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.
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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