General Mills, Inc. (GIS) Position Maintained by Arcus Capital Partners LLC
Arcus Capital Partners LLC continued to hold its stake in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,440 shares of the company’s stock at the end of the first quarter. Arcus Capital Partners LLC’s holdings in General Mills were worth $321,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in GIS. 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 valued at $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp raised its position 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 raised its position 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. Moreno Evelyn V raised its position in shares of General Mills by 20.5% in the first quarter. Moreno Evelyn V now owns 41,745 shares of the company’s stock worth $2,463,000 after buying an additional 7,100 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position 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. 70.35% of the stock is owned by hedge funds and other institutional investors.
Shares of General Mills, Inc. (GIS) traded up 0.27% during midday trading on Thursday, hitting $56.22. The company had a trading volume of 3,959,987 shares. General Mills, Inc. has a one year low of $53.24 and a one year high of $71.96. The stock’s 50-day moving average price is $55.28 and its 200-day moving average price is $58.21. The stock has a market capitalization of $32.44 billion, a price-to-earnings ratio of 20.30 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the company posted $0.66 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. Analysts predict that General Mills, Inc. will post $3.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a yield of 3.49%. This is a boost from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio (DPR) is currently 70.76%.
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A number of research firms have issued reports on GIS. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $58.98 target price on the stock in a report on Monday, May 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 target price (down previously from $58.00) on shares of General Mills in a report on Sunday, June 25th. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $67.00 target price on shares of General Mills in a report on Thursday, June 15th. Finally, Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. General Mills has a consensus rating of “Hold” and a consensus price target of $59.93.
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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