BB&T Securities LLC Has $16.77 Million Position in General Mills, Inc. (GIS)
BB&T Securities LLC lowered its holdings in General Mills, Inc. (NYSE:GIS) by 28.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302,653 shares of the company’s stock after selling 118,743 shares during the quarter. BB&T Securities LLC owned 0.05% of General Mills worth $16,767,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Waldron LP acquired a new stake in General Mills during the first quarter valued at approximately $420,000. Capital One National Association raised its holdings in shares of General Mills by 1.0% in the 1st quarter. Capital One National Association now owns 11,511 shares of the company’s stock worth $679,000 after buying an additional 116 shares in the last quarter. Elkhorn Investments LLC acquired a new position in shares of General Mills in the 1st quarter worth approximately $1,096,000. First Trust Advisors LP raised its holdings in shares of General Mills by 44.2% in the 1st quarter. First Trust Advisors LP now owns 368,751 shares of the company’s stock worth $21,760,000 after buying an additional 113,091 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of General Mills by 3.1% in the 1st quarter. American Century Companies Inc. now owns 9,086,471 shares of the company’s stock worth $536,193,000 after buying an additional 269,906 shares in the last quarter. 70.45% of the stock is currently owned by institutional investors and hedge funds.
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General Mills, Inc. (NYSE:GIS) opened at 51.32 on Wednesday. General Mills, Inc. has a 52-week low of $50.40 and a 52-week high of $64.06. The company has a market cap of $29.17 billion, a PE ratio of 18.39 and a beta of 0.61. The company has a 50-day moving average of $54.52 and a 200 day moving average of $56.12.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. Equities research analysts predict that General Mills, Inc. will post $3.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.82%. General Mills’s payout ratio is currently 70.25%.
Several analysts recently commented on the company. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BMO Capital Markets reiterated a “hold” rating and set a $67.00 price objective on shares of General Mills in a research note on Thursday, June 15th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies reissued an “underweight” rating and set a $56.00 price objective (down from $57.00) on shares of General Mills in a report on Monday, June 19th. Finally, UBS AG reissued a “neutral” rating and set a $61.00 price objective (down from $63.00) on shares of General Mills in a report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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