General Mills, Inc. (GIS) Holdings Increased by Macquarie Group Ltd.
Macquarie Group Ltd. increased its holdings in General Mills, Inc. (NYSE:GIS) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,599 shares of the company’s stock after purchasing an additional 36,055 shares during the quarter. Macquarie Group Ltd.’s holdings in General Mills were worth $15,148,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of General Mills by 21.8% in the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares in the last quarter. Boston Advisors LLC raised its holdings in shares of 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 in the last quarter. Bfsg LLC bought a new stake in shares of General Mills in the 1st quarter worth approximately $2,843,000. LVW Advisors LLC bought a new stake in shares of General Mills in the 2nd quarter worth approximately $2,515,000. Finally, PVG Asset Management Corp bought a new stake in shares of General Mills in the 1st quarter worth approximately $6,352,000. Institutional investors and hedge funds own 69.58% of the company’s stock.
Shares of General Mills, Inc. (GIS) opened at $52.24 on Thursday. The stock has a market cap of $28,968.21, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.63. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $64.06.
General Mills (NYSE:GIS) last announced its quarterly 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). The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. equities research analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is 70.25%.
GIS has been the topic of several analyst reports. Royal Bank Of Canada set a $62.00 target price 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. Piper Jaffray Companies set a $56.00 target price on shares of General Mills and gave the stock a “sell” rating in a research report on Monday, August 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.60.
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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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