Andra AP fonden lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 33.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 315,100 shares of the company’s stock after selling 161,620 shares during the quarter. Andra AP fonden owned 0.05% of General Mills worth $17,457,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of GIS. Flossbach Von Storch AG purchased a new stake in General Mills during the second quarter valued at $227,578,000. Federated Investors Inc. PA increased its position in General Mills by 94.6% during the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares during the last quarter. Morgan Stanley increased its position in General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after acquiring an additional 1,603,577 shares during the last quarter. Bank of New York Mellon Corp increased its position in General Mills by 26.1% during the first quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock valued at $413,862,000 after acquiring an additional 1,449,632 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in General Mills by 146.2% during the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after acquiring an additional 1,190,200 shares during the last quarter. Institutional investors own 70.45% of the company’s stock.
Shares of General Mills, Inc. (NYSE GIS) opened at 50.95 on Wednesday. The firm has a 50-day moving average price of $53.66 and a 200-day moving average price of $55.82. The stock has a market cap of $28.96 billion, a PE ratio of 18.26 and a beta of 0.61. General Mills, Inc. has a 12 month low of $50.13 and a 12 month high of $64.06.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. Equities analysts forecast that General Mills, Inc. will post $3.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.85%. General Mills’s payout ratio is currently 70.25%.
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A number of analysts recently commented on GIS shares. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $52.00 price objective (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and set a $55.00 price objective (down previously from $58.00) on shares of General Mills in a research report on Sunday, June 25th. Finally, Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target for the company in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.75.
General Mills 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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