Well Done LLC Buys Shares of 4,009 General Mills, Inc. (GIS)
Well Done LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, HoldingsChannel reports. The firm bought 4,009 shares of the company’s stock, valued at approximately $238,000.
Several other large investors have also made changes to their positions in GIS. Cable Hill Partners LLC lifted its holdings in shares of General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after acquiring an additional 1,647 shares during the period. Grove Bank & Trust lifted its holdings in shares of General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after acquiring an additional 1,878 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after acquiring an additional 1,459 shares during the period. Spectrum Management Group Inc. bought a new stake in shares of General Mills during the 3rd quarter worth approximately $135,000. Finally, Americafirst Capital Management LLC bought a new stake in shares of General Mills during the 2nd quarter worth approximately $158,000. Hedge funds and other institutional investors own 72.89% of the company’s stock.
A number of brokerages have recently weighed in on GIS. Piper Jaffray Companies raised shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target for the company in a report on Wednesday, January 3rd. Edward Jones reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 20th. Susquehanna Bancshares set a $60.00 price target on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday, December 19th. BMO Capital Markets reaffirmed a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $58.11.
General Mills, Inc. (NYSE GIS) opened at $56.43 on Monday. The company has a market cap of $32,110.00, a P/E ratio of 20.67, a P/E/G ratio of 2.48 and a beta of 0.61. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $61.59.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. equities analysts expect that General Mills, Inc. will post 3.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, January 9th. General Mills’s payout ratio is 71.79%.
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About General Mills
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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