Kelman Lazarov Inc. Has $426,000 Stake in General Mills, Inc. (GIS)
Kelman Lazarov Inc. held its position in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, Holdings Channel reports. The institutional investor owned 7,692 shares of the company’s stock at the end of the second quarter. Kelman Lazarov Inc.’s holdings in General Mills were worth $426,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Tompkins Financial Corp boosted 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. Mn Services Vermogensbeheer B.V. boosted 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. Campbell & CO Investment Adviser LLC purchased a new position in shares of General Mills during the first quarter worth $498,000. Cape Cod Five Cents Savings Bank boosted its position in shares of General Mills by 7.5% in the first quarter. Cape Cod Five Cents Savings Bank now owns 85,210 shares of the company’s stock worth $5,029,000 after buying an additional 5,953 shares in the last quarter. Finally, Honeywell International Inc. purchased a new position in shares of General Mills during the first quarter worth $26,082,000. 71.46% of the stock is currently owned by institutional investors.
Shares of General Mills, Inc. (NYSE:GIS) traded up 0.38% during midday trading on Thursday, reaching $57.75. 1,106,114 shares of the company’s stock traded hands. The company has a 50 day moving average of $55.14 and a 200 day moving average of $57.80. General Mills, Inc. has a 52-week low of $53.24 and a 52-week high of $71.96. The firm has a market cap of $33.33 billion, a PE ratio of 20.85 and a beta of 0.61.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that General Mills, Inc. will post $3.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.41%. This is a positive change from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, July 6th. General Mills’s dividend payout ratio (DPR) is 70.76%.
TRADEMARK VIOLATION NOTICE: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/17/kelman-lazarov-inc-has-426000-stake-in-general-mills-inc-gis.html.
GIS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target on the stock in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, June 29th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price 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.
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).
Receive News & Stock Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related stocks with our FREE daily email newsletter.