General Mills, Inc. (GIS) Position Boosted by Rational Advisors LLC
Rational Advisors LLC increased its position in General Mills, Inc. (NYSE:GIS) by 18.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,418 shares of the company’s stock after acquiring an additional 6,170 shares during the period. General Mills comprises approximately 1.4% of Rational Advisors LLC’s holdings, making the stock its 11th largest position. Rational Advisors LLC’s holdings in General Mills were worth $2,239,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Advisors LLC grew its position in General Mills by 1.8% in the 2nd quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock worth $1,156,000 after purchasing an additional 375 shares during the period. Bfsg LLC bought a new stake in General Mills in the 1st quarter worth approximately $2,843,000. PVG Asset Management Corp bought a new stake in General Mills in the 1st quarter worth approximately $6,352,000. Renaissance Technologies LLC grew its position in General Mills by 146.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock worth $118,274,000 after purchasing an additional 1,190,200 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in General Mills by 18.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 65,472 shares of the company’s stock worth $3,627,000 after purchasing an additional 10,250 shares during the period. Institutional investors own 69.38% of the company’s stock.
Shares of General Mills, Inc. (GIS) opened at 52.43 on Thursday. The stock’s 50 day moving average is $55.75 and its 200-day moving average is $56.75. General Mills, Inc. has a 12 month low of $50.40 and a 12 month high of $65.24. The company has a market cap of $29.80 billion, a P/E ratio of 18.79 and a beta of 0.62.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business earned $0.78 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post $3.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.74%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
A number of equities research analysts have commented on the stock. UBS AG reaffirmed a “neutral” rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Bank of America Corporation cut their target price on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, September 21st. Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $56.00 target price (down previously from $57.00) on shares of General Mills in a research report on Monday, June 19th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $58.00 target price (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.75.
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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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