General Mills, Inc. (GIS) Shares Bought by Gotham Asset Management LLC
Gotham Asset Management LLC raised its position in General Mills, Inc. (NYSE:GIS) by 54.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 275,006 shares of the company’s stock after buying an additional 97,235 shares during the period. Gotham Asset Management LLC’s holdings in General Mills were worth $16,228,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Piershale Financial Group Inc. boosted its position in General Mills by 0.8% in the first quarter. Piershale Financial Group Inc. now owns 4,425 shares of the company’s stock worth $261,000 after buying an additional 34 shares in the last quarter. Doyle Wealth Management acquired a new position in General Mills during the first quarter worth approximately $428,000. Cribstone Capital Management LLC boosted its position in General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. Tompkins Financial Corp boosted its position in General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock worth $372,000 after buying an additional 162 shares in the last quarter. Finally, Integrated Wealth Management boosted its position in General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock worth $519,000 after buying an additional 54 shares in the last quarter. 70.97% of the stock is currently owned by institutional investors.
General Mills, Inc. (NYSE GIS) traded up 0.71% during mid-day trading on Friday, reaching $56.69. The company had a trading volume of 1,381,871 shares. General Mills, Inc. has a 52 week low of $53.24 and a 52 week high of $71.96. The stock has a 50 day moving average of $54.99 and a 200 day moving average of $57.99. The stock has a market capitalization of $32.72 billion, a price-to-earnings ratio of 20.47 and a beta of 0.61.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. 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 is an increase from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.48%. General Mills’s dividend payout ratio (DPR) is presently 70.76%.
A number of research firms recently commented on GIS. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. BMO Capital Markets reissued a “hold” rating and issued a $67.00 price target on shares of General Mills in a report on Thursday, June 15th. Royal Bank Of Canada set a $65.00 price target on General Mills and gave the stock a “hold” rating in a report on Monday, April 24th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $59.00 price target (down from $62.00) on shares of General Mills in a report on Tuesday, May 30th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. General Mills currently has an average rating of “Hold” and an average price target of $59.93.
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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