General Mills, Inc. (GIS) Holdings Raised by Albert D Mason Inc.
Albert D Mason Inc. raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,170 shares of the company’s stock after acquiring an additional 3,075 shares during the quarter. Albert D Mason Inc.’s holdings in General Mills were worth $1,096,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of General Mills by 21.8% in the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares during the last quarter. Boston Advisors LLC increased its holdings 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 worth $1,156,000 after purchasing an additional 375 shares during the last quarter. Bfsg LLC bought a new stake in shares of General Mills in the first quarter worth about $2,843,000. LVW Advisors LLC bought a new stake in shares of General Mills in the second quarter worth about $2,515,000. Finally, PVG Asset Management Corp bought a new stake in shares of General Mills in the first quarter worth about $6,352,000. 71.32% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on GIS. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company reduced their target price on General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a report on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $56.00 target price on General Mills and gave the stock a “hold” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. General Mills currently has a consensus rating of “Hold” and an average target price of $56.60.
General Mills, Inc. (NYSE GIS) opened at $53.72 on Monday. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $64.06. The stock has a market capitalization of $30,531.14, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. equities research analysts forecast that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
The firm 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 was Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 3.65%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
General Mills Company 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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