Sentry Investment Management LLC Has $2,552,000 Stake in General Mills, Inc. (GIS)
Sentry Investment Management LLC maintained its stake in General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,066 shares of the company’s stock at the end of the 2nd quarter. Sentry Investment Management LLC’s holdings in General Mills were worth $2,552,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in General Mills by 21.8% in the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after acquiring an additional 9,952 shares during the last quarter. Boston Advisors LLC lifted its position in 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 acquiring an additional 375 shares during the last quarter. Bfsg LLC purchased a new stake in General Mills in the first quarter valued at $2,843,000. LVW Advisors LLC purchased a new stake in General Mills in the second quarter valued at $2,515,000. Finally, PVG Asset Management Corp purchased a new stake in General Mills in the first quarter valued at $6,352,000. 69.88% of the stock is owned by hedge funds and other institutional investors.
General Mills, Inc. (GIS) opened at $53.67 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a one year low of $49.65 and a one year high of $64.06. The stock has a market cap of $29,854.82, a PE ratio of 17.45, a PEG ratio of 1.96 and a beta of 0.63.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. research analysts predict that General Mills, Inc. will post 3.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 3.65%. General Mills’s payout ratio is currently 70.25%.
A number of research analysts have commented on the stock. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Royal Bank Of Canada set a $58.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Monday, October 23rd. Jefferies Group LLC assumed coverage on shares of General Mills in a research note on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Finally, Susquehanna Bancshares Inc set a $56.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. General Mills presently has an average rating of “Hold” and an average target price of $56.60.
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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