General Mills, Inc. (GIS) Holdings Increased by Guyasuta Investment Advisors Inc.
Guyasuta Investment Advisors Inc. grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,608 shares of the company’s stock after buying an additional 7,125 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in General Mills were worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in GIS. Flossbach Von Storch AG purchased a new stake in General Mills during the 2nd quarter worth about $227,578,000. Federated Investors Inc. PA lifted its holdings in General Mills by 94.6% during the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after buying an additional 2,195,397 shares during the last quarter. Morgan Stanley lifted its holdings in General Mills by 29.4% during the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after buying an additional 1,603,577 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in General Mills by 146.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock worth $118,274,000 after buying an additional 1,190,200 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in General Mills by 17.0% during the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock worth $268,283,000 after buying an additional 660,726 shares during the last quarter. 70.45% of the stock is owned by institutional investors.
General Mills, Inc. (NYSE:GIS) opened at 52.03 on Friday. The company has a 50-day moving average price of $52.91 and a 200 day moving average price of $55.50. The firm has a market cap of $29.57 billion, a PE ratio of 18.64 and a beta of 0.61. General Mills, Inc. has a 12 month low of $50.13 and a 12 month high of $64.06.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the business earned $0.78 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post $3.08 EPS for the current year.
The firm 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 3.77%. General Mills’s dividend payout ratio is currently 70.25%.
A number of brokerages have issued reports on GIS. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $58.00 price target on shares of General Mills in a report on Tuesday, September 19th. Royal Bank Of Canada decreased their price target on General Mills from $65.00 to $62.00 and set a “sector perform” rating for the company in a report on Thursday, June 29th. Finally, Stifel Nicolaus reduced their target price on General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. General Mills presently has a consensus rating of “Hold” and an average target price of $56.64.
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General Mills 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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