General Mills, Inc. (GIS) Holdings Maintained by Krilogy Financial LLC
Krilogy Financial LLC maintained its stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the company’s stock at the end of the second quarter. Krilogy Financial LLC’s holdings in General Mills were worth $108,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. raised its holdings in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. Hanson McClain Inc. raised its holdings in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after buying an additional 69 shares during the period. IHT Wealth Management LLC raised its holdings in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after buying an additional 627 shares during the period. Finally, Americafirst Capital Management LLC purchased a new position in General Mills in the second quarter valued at approximately $158,000. Institutional investors and hedge funds own 69.88% of the company’s stock.
GIS has been the topic of several research reports. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. BMO Capital Markets restated a “market perform” rating and issued a $57.00 price target (down previously from $60.00) on shares of General Mills in a report on Thursday, September 21st. Piper Jaffray Companies restated a “sell” rating and issued a $53.00 price target on shares of General Mills in a report on Thursday, September 21st. Finally, Credit Suisse Group restated a “neutral” rating and issued a $53.00 price target on shares of General Mills in a report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. General Mills presently has an average rating of “Hold” and an average target price of $56.60.
Shares of General Mills, Inc. (GIS) opened at $52.97 on Tuesday. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The firm has a market cap of $30,281.07, a P/E ratio of 17.70, a PEG ratio of 1.99 and a beta of 0.63.
General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the business posted $0.78 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. research analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is currently 70.25%.
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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