Stellar Capital Management LLC Has $742,000 Position in General Mills, Inc. (GIS)
Stellar Capital Management LLC maintained its position in General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,400 shares of the company’s stock at the close of the 2nd quarter. Stellar Capital Management LLC’s holdings in General Mills were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of General Mills by 21.8% during the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after buying an additional 9,952 shares during the last quarter. Boston Advisors LLC lifted its position in shares of General Mills by 1.8% during the 2nd quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock worth $1,156,000 after buying an additional 375 shares during the last quarter. Bfsg LLC bought a new stake in shares of General Mills during the 1st quarter worth $2,843,000. LVW Advisors LLC bought a new stake in shares of General Mills during the 2nd quarter worth $2,515,000. Finally, PVG Asset Management Corp bought a new stake in shares of General Mills during the 1st quarter worth $6,352,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.
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Shares of General Mills, Inc. (GIS) opened at C$53.28 on Monday. The firm has a market capitalization of $30,281.07, a PE ratio of 17.70, a PEG ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. General Mills, Inc. has a one year low of C$49.65 and a one year high of C$64.06.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported C$0.71 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.05). The company had revenue of C$3.77 billion during the quarter, compared to analyst estimates of C$3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. sell-side analysts expect that General Mills, Inc. will post 3.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 3.68%. General Mills’s payout ratio is 70.25%.
Several brokerages recently weighed in on GIS. BMO Capital Markets restated a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company dropped their price objective on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research report on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $56.00 price objective on General Mills and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$56.60.
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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