General Mills, Inc. (GIS) Stake Increased by Financial Counselors Inc.
Financial Counselors Inc. boosted its position in General Mills, Inc. (NYSE:GIS) by 25.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,474 shares of the company’s stock after buying an additional 27,345 shares during the period. Financial Counselors Inc.’s holdings in General Mills were worth $7,876,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Cape Cod Five Cents Savings Bank boosted its position in 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 during the period. State of Alaska Department of Revenue boosted its position in General Mills by 31.2% in the first quarter. State of Alaska Department of Revenue now owns 107,709 shares of the company’s stock worth $6,354,000 after buying an additional 25,623 shares during the period. Commonwealth Financial Services LLC boosted its position in General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares during the period. City Holding Co. boosted its position in General Mills by 9.0% in the first quarter. City Holding Co. now owns 43,091 shares of the company’s stock worth $2,543,000 after buying an additional 3,560 shares during the period. Finally, Sky Investment Group LLC boosted its position in General Mills by 1.5% in the first quarter. Sky Investment Group LLC now owns 78,873 shares of the company’s stock worth $4,654,000 after buying an additional 1,186 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.
General Mills, Inc. (NYSE GIS) traded down 0.12% during midday trading on Tuesday, reaching $57.22. 411,539 shares of the company traded hands. The firm has a 50-day moving average price of $55.28 and a 200-day moving average price of $57.67. The firm has a market capitalization of $33.02 billion, a price-to-earnings ratio of 20.66 and a beta of 0.61. General Mills, Inc. has a one year low of $53.24 and a one year high of $71.96.
General Mills (NYSE:GIS) last posted its 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 firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that General Mills, Inc. will post $3.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This is a boost from General Mills’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 3.42%. General Mills’s payout ratio is 70.76%.
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GIS has been the subject of a number of research 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 objective 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 objective for the company in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reduced their price objective on shares of General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, June 29th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. General Mills presently has an average rating of “Hold” and a consensus price target 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.
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