General Mills, Inc. (GIS) Holdings Lowered by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. trimmed its position in General Mills, Inc. (NYSE:GIS) by 49.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,890 shares of the company’s stock after selling 55,203 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in General Mills were worth $2,893,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in GIS. Flossbach Von Storch AG acquired a new position in shares of General Mills in the second quarter worth about $227,578,000. Janus Henderson Group PLC boosted its holdings in shares of General Mills by 3,178.6% in the second quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock worth $144,666,000 after buying an additional 2,531,664 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of General Mills by 94.6% in the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after buying an additional 2,195,397 shares during the period. Morgan Stanley boosted its holdings in shares of General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after buying an additional 1,603,577 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock worth $118,274,000 after buying an additional 1,190,200 shares during the period. Institutional investors own 71.32% of the company’s stock.
Several research analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company decreased their price target on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $56.00 price target on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. General Mills presently has an average rating of “Hold” and a consensus target price of $56.60.
General Mills, Inc. (NYSE GIS) opened at $53.72 on Monday. The firm has a market cap of $30,531.14, a P/E ratio of 17.85, a P/E/G ratio of 2.00 and a beta of 0.63. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). The business had revenue of $3.77 billion for 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%. General Mills’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. equities analysts expect that General Mills, Inc. will post 3.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is presently 70.25%.
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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