General Mills Inc. (GIS) Shares Sold by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA cut its stake in General Mills Inc. (NYSE:GIS) by 53.1% during the third quarter, Holdings Channel reports. The firm owned 23,816 shares of the company’s stock after selling 26,918 shares during the period. CHICAGO TRUST Co NA’s holdings in General Mills were worth $1,521,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GIS. Mizuho Trust & Banking Co. Ltd. raised its stake in General Mills by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,023,137 shares of the company’s stock worth $72,970,000 after buying an additional 4,378 shares in the last quarter. GaveKal Capital LLC raised its stake in General Mills by 5.0% in the second quarter. GaveKal Capital LLC now owns 273,177 shares of the company’s stock worth $19,483,000 after buying an additional 12,990 shares in the last quarter. Aviance Capital Management LLC raised its stake in General Mills by 36.6% in the second quarter. Aviance Capital Management LLC now owns 197,419 shares of the company’s stock worth $14,080,000 after buying an additional 52,915 shares in the last quarter. Sabal Trust CO raised its stake in General Mills by 1.4% in the second quarter. Sabal Trust CO now owns 367,084 shares of the company’s stock worth $26,180,000 after buying an additional 5,071 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in General Mills by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 38,603 shares of the company’s stock worth $2,752,000 after buying an additional 591 shares in the last quarter. 67.98% of the stock is currently owned by institutional investors.
General Mills Inc. (NYSE:GIS) traded up 0.93% during midday trading on Tuesday, hitting $62.66. The stock had a trading volume of 3,143,566 shares. The stock has a market cap of $37.06 billion, a price-to-earnings ratio of 22.79 and a beta of 0.55. The stock has a 50 day moving average of $61.59 and a 200 day moving average of $66.10. General Mills Inc. has a 12 month low of $53.53 and a 12 month high of $72.95.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 21st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. General Mills had a net margin of 10.33% and a return on equity of 33.82%. The business earned $3.91 billion during the quarter. During the same period in the previous year, the company posted $0.79 earnings per share. General Mills’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts expect that General Mills Inc. will post $3.10 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.06%. General Mills’s payout ratio is 69.82%.
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A number of analysts have weighed in on GIS shares. Zacks Investment Research lowered General Mills from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Consumer Edge lowered General Mills from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 20th. S&P Equity Research restated a “buy” rating and set a $70.00 target price on shares of General Mills in a report on Tuesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $67.00 target price on shares of General Mills in a report on Wednesday, September 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $74.00 price objective on shares of General Mills in a report on Thursday, September 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. General Mills presently has a consensus rating of “Hold” and a consensus price target of $67.56.
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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