Global Financial Private Capital LLC Invests $6.95 Million in General Mills, Inc. (GIS)
Global Financial Private Capital LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 117,694 shares of the company’s stock, valued at approximately $6,945,000.
Other large investors have also recently added to or reduced their stakes in the company. Alpha Windward LLC increased its stake in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock valued at $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp increased its stake in General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock valued at $372,000 after buying an additional 162 shares in the last quarter. Integrated Wealth Management increased its stake in General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock valued at $519,000 after buying an additional 54 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in General Mills by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,772 shares of the company’s stock valued at $870,000 after buying an additional 252 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in General Mills during the first quarter valued at approximately $498,000. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Shares of General Mills, Inc. (NYSE GIS) opened at 56.21 on Tuesday. The company has a market cap of $32.44 billion, a P/E ratio of 20.29 and a beta of 0.61. The company’s 50-day moving average price is $55.28 and its 200 day moving average price is $58.21. General Mills, Inc. has a one year low of $53.24 and a one year high of $71.96.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post $3.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio (DPR) is 70.76%.
GIS has been the subject of several recent research reports. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $57.82 price objective for the company in a report on Tuesday, June 27th. Stifel Nicolaus decreased their price objective on General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, June 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $55.00 price objective (down previously from $58.00) on shares of General Mills in a report on Sunday, June 25th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $59.93.
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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