Delaney Dennis R Cuts Stake in General Mills, Inc. (GIS)
Delaney Dennis R lowered its position in General Mills, Inc. (NYSE:GIS) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,524 shares of the company’s stock after selling 195 shares during the period. General Mills comprises about 2.9% of Delaney Dennis R’s portfolio, making the stock its 16th largest position. Delaney Dennis R’s holdings in General Mills were worth $1,414,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of GIS. Hartford Investment Management Co. raised its stake in General Mills by 4.6% in the second quarter. Hartford Investment Management Co. now owns 191,661 shares of the company’s stock worth $10,618,000 after buying an additional 8,386 shares in the last quarter. Personal Capital Advisors Corp raised its position in shares of General Mills by 0.9% in the second quarter. Personal Capital Advisors Corp now owns 79,246 shares of the company’s stock valued at $4,390,000 after buying an additional 721 shares in the last quarter. Boston Advisors LLC raised its position in shares of General Mills by 1.8% in the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after buying an additional 375 shares in the last quarter. Bray Capital Advisors raised its position in shares of General Mills by 6.1% in the second quarter. Bray Capital Advisors now owns 41,504 shares of the company’s stock valued at $2,299,000 after buying an additional 2,397 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its position in shares of General Mills by 5.0% in the second quarter. Moloney Securities Asset Management LLC now owns 6,250 shares of the company’s stock valued at $346,000 after buying an additional 298 shares in the last quarter. 71.46% of the stock is currently owned by hedge funds and other institutional investors.
General Mills, Inc. (GIS) traded down 1.19% on Friday, reaching $55.02. The company’s stock had a trading volume of 3,735,613 shares. The company has a market capitalization of $31.75 billion, a price-to-earnings ratio of 19.86 and a beta of 0.61. General Mills, Inc. has a 12-month low of $53.24 and a 12-month high of $71.58. The firm has a 50-day moving average of $55.47 and a 200 day moving average of $57.57.
General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. General Mills’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. On average, equities research analysts anticipate 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. Stockholders of record on Monday, July 10th were issued a dividend of $0.49 per share. This is a boost from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 3.56%. General Mills’s dividend payout ratio (DPR) is 70.76%.
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GIS has been the topic of several research analyst reports. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Vetr upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price for the company in a 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 for the company in a research report on Thursday, June 29th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. General Mills has a consensus rating of “Hold” and an average 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.
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