KDI Capital Partners LLC Continues to Hold Stake in General Mills, Inc. (GIS)
KDI Capital Partners LLC held its stake in General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,700 shares of the company’s stock at the close of the 2nd quarter. KDI Capital Partners LLC’s holdings in General Mills were worth $1,867,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors Inc. boosted its stake in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after acquiring an additional 15 shares during the last quarter. LLBH Private Wealth Management LLC grew its position in shares of General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after acquiring an additional 25 shares during the period. Davis R M Inc. grew its position in shares of General Mills by 0.8% during the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after acquiring an additional 34 shares during the period. Hanson McClain Inc. grew its position in shares of General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after acquiring an additional 35 shares during the period. Finally, Smith Salley & Associates grew its position in shares of General Mills by 0.8% during the 1st quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock valued at $327,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 70.45% of the company’s stock.
General Mills, Inc. (GIS) opened at 51.81 on Tuesday. The stock has a 50 day moving average of $54.70 and a 200 day moving average of $56.19. General Mills, Inc. has a 12-month low of $50.40 and a 12-month high of $64.06. The company has a market cap of $29.45 billion, a PE ratio of 18.56 and a beta of 0.62.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. During the same quarter in the previous year, the company earned $0.78 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts expect that General Mills, Inc. will post $3.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.78%. General Mills’s payout ratio is currently 70.25%.
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Several brokerages have issued reports on GIS. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. UBS AG reissued a “neutral” rating and issued a $61.00 price objective (down previously from $63.00) on shares of General Mills in a report on Wednesday, June 21st. Bank of America Corporation decreased their price objective on General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Piper Jaffray Companies restated an “underweight” rating and issued a $56.00 price objective (down from $57.00) on shares of General Mills in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $58.00 price objective (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.75.
General Mills 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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