General Mills, Inc. (GIS) Shares Sold by First Interstate Bank
First Interstate Bank decreased its stake in General Mills, Inc. (NYSE:GIS) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,997 shares of the company’s stock after selling 655 shares during the quarter. First Interstate Bank’s holdings in General Mills were worth $665,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Advisors LLC grew its position in shares of General Mills by 1.8% in the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after purchasing an additional 375 shares during the period. Bfsg LLC acquired a new stake in shares of General Mills in the first quarter valued at about $2,843,000. PVG Asset Management Corp acquired a new stake in shares of General Mills in the first quarter valued at about $6,352,000. Renaissance Technologies LLC grew its position in shares of General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of General Mills by 18.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 65,472 shares of the company’s stock valued at $3,627,000 after purchasing an additional 10,250 shares during the period. Institutional investors and hedge funds own 70.45% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “General Mills, Inc. (GIS) Shares Sold by First Interstate Bank” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/10/09/general-mills-inc-gis-shares-sold-by-first-interstate-bank.html.
General Mills, Inc. (NYSE:GIS) opened at 51.40 on Monday. General Mills, Inc. has a 1-year low of $50.40 and a 1-year high of $64.06. The stock has a 50 day moving average of $54.04 and a 200 day moving average of $56.00. The stock has a market capitalization of $29.21 billion, a P/E ratio of 18.42 and a beta of 0.62.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, analysts expect that General Mills, Inc. will post $3.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.81%. General Mills’s dividend payout ratio (DPR) is 70.25%.
Several analysts have recently issued reports on GIS shares. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Friday, September 15th. Wells Fargo & Company dropped their target price on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a research report on Friday, September 22nd. Finally, Stifel Nicolaus dropped their target price on shares of General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.75.
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.
Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with MarketBeat.com's FREE daily email newsletter.