Huntington National Bank Sells 6,616 Shares of General Mills, Inc. (NYSE:GIS)
Huntington National Bank reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,264 shares of the company’s stock after selling 6,616 shares during the period. Huntington National Bank’s holdings in General Mills were worth $8,601,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Alpha Windward LLC raised its stake in shares of 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 during the last quarter. Tompkins Financial Corp raised its stake in shares of 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 during the last quarter. Integrated Wealth Management raised its stake in shares of 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 during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of 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 during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of General Mills during the first quarter valued at about $498,000. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Shares of General Mills, Inc. (GIS) traded up 0.53% during mid-day trading on Friday, hitting $56.59. 3,702,017 shares of the company traded hands. The firm has a 50-day moving average of $55.00 and a 200-day moving average of $57.96. General Mills, Inc. has a one year low of $53.24 and a one year high of $71.96. The stock has a market capitalization of $32.66 billion, a price-to-earnings ratio of 20.43 and a beta of 0.61.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict 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 issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Thursday, July 6th. This is an increase from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio (DPR) is 70.76%.
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Several equities research analysts have issued reports on GIS shares. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Vetr upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target on the stock in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus lowered their price target on shares of General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, June 29th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus 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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