SSI Investment Management Inc. Invests $208,000 in General Mills, Inc. (GIS)

SSI Investment Management Inc. acquired a new position in General Mills, Inc. (NYSE:GIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,505 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds have also bought and sold shares of GIS. American International Group Inc. grew its stake in shares of General Mills by 10.3% in the 4th quarter. American International Group Inc. now owns 9,960,631 shares of the company’s stock valued at $590,566,000 after buying an additional 932,891 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of General Mills in the 4th quarter valued at about $219,000. TCW Group Inc. acquired a new stake in shares of General Mills in the 4th quarter valued at about $706,000. Wedbush Securities Inc. grew its stake in shares of General Mills by 33.9% in the 4th quarter. Wedbush Securities Inc. now owns 14,944 shares of the company’s stock valued at $886,000 after buying an additional 3,786 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in shares of General Mills by 75.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 12,658 shares of the company’s stock valued at $750,000 after buying an additional 5,440 shares during the period. 72.89% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

GIS has been the subject of several research reports. Wells Fargo & Co upgraded General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 target price for the company in a research note on Monday, December 18th. Argus restated a “hold” rating on shares of General Mills in a research note on Wednesday, December 27th. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Royal Bank of Canada set a $58.00 target price on General Mills and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Jefferies Group upgraded General Mills from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and an average price target of $58.11.

General Mills, Inc. (GIS) opened at $56.43 on Monday. The stock has a market capitalization of $32,110.00, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $61.59.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. equities research analysts expect that General Mills, Inc. will post 3.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.49 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.47%. General Mills’s dividend payout ratio (DPR) is currently 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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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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