Schafer Cullen Capital Management Inc. Boosts Holdings in General Mills, Inc. (GIS)
Schafer Cullen Capital Management Inc. grew its holdings in General Mills, Inc. (NYSE:GIS) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,187 shares of the company’s stock after acquiring an additional 1 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in General Mills were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. Lenox Wealth Advisors Inc. grew its stake in shares of General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in shares of General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after purchasing an additional 69 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after purchasing an additional 627 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of General Mills during the second quarter worth $158,000. Finally, V Wealth Management LLC acquired a new position in shares of General Mills during the second quarter worth $178,000. Institutional investors and hedge funds own 69.88% of the company’s stock.
Shares of General Mills, Inc. (NYSE GIS) opened at $54.12 on Wednesday. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $64.06. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The company has a market cap of $30,104.89, a PE ratio of 17.60, a PEG ratio of 1.97 and a beta of 0.63.
General Mills (NYSE:GIS) last announced its 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). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the company posted $0.78 earnings per share. General Mills’s quarterly revenue was down 3.6% on a year-over-year basis. sell-side analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
The firm 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. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.62%. General Mills’s payout ratio is 70.25%.
GIS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group LLC initiated coverage on shares of General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 target price for the company. 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 note on Wednesday, August 2nd. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $52.00 target price (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.60.
TRADEMARK VIOLATION NOTICE: “Schafer Cullen Capital Management Inc. Boosts Holdings in General Mills, Inc. (GIS)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/15/schafer-cullen-capital-management-inc-boosts-holdings-in-general-mills-inc-gis.html.
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.
Receive News & Stock Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related stocks with our FREE daily email newsletter.