Schroder Investment Management Group cut its position in General Mills, Inc. (NYSE:GIS) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,604,702 shares of the company’s stock after selling 287,881 shares during the quarter. Schroder Investment Management Group’s holdings in General Mills were worth $213,722,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. American International Group Inc. boosted its stake in General Mills by 1,708.4% during the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after acquiring an additional 8,528,534 shares during the last quarter. Janus Henderson Group PLC boosted its stake in General Mills by 3,178.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after acquiring an additional 2,531,664 shares during the last quarter. Stifel Financial Corp boosted its stake in General Mills by 28,570.2% during the 3rd quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock valued at $86,610,000 after acquiring an additional 1,665,641 shares during the last quarter. American Century Companies Inc. boosted its stake in General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after acquiring an additional 1,550,074 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in General Mills by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,499,301 shares of the company’s stock valued at $503,923,000 after acquiring an additional 1,009,126 shares during the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.
GIS has been the topic of a number of research analyst reports. Wells Fargo & Co set a $65.00 price objective on shares of General Mills and gave the company a “buy” rating in a research note on Thursday, December 21st. Jefferies Group upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Susquehanna Bancshares set a $57.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.11.
Shares of General Mills, Inc. (GIS) opened at $56.43 on Friday. The firm has a market cap of $32,111.15, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $61.59. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.82. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. sell-side analysts anticipate that General Mills, Inc. will post 3.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.47%. General Mills’s dividend payout ratio (DPR) is 71.79%.
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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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