General Mills, Inc. (GIS) Shares Sold by Farmers & Merchants Investments Inc.
Farmers & Merchants Investments Inc. cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,999 shares of the company’s stock after selling 1,291 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in General Mills were worth $1,035,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Lenox Wealth Management Inc. lifted its holdings in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after buying an additional 11 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC lifted its holdings in General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after buying an additional 25 shares in the last quarter. Davis R M Inc. lifted its holdings in General Mills by 0.8% during the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after buying an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC lifted its holdings in General Mills by 1.3% during the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after buying an additional 48 shares in the last quarter. Institutional investors own 71.32% of the company’s stock.
A number of equities research analysts have recently weighed in on GIS shares. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group LLC started coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Royal Bank Of Canada set a $62.00 price objective on shares of General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $52.00 price objective (down from $55.00) on shares of General Mills in a report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.60.
General Mills, Inc. (NYSE GIS) opened at $54.24 on Tuesday. General Mills, Inc. has a 52-week low of $49.65 and a 52-week 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 stock has a market cap of $30,790.00, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63.
General Mills (NYSE:GIS) last issued its quarterly earnings data 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 return on equity of 39.82% and a net margin of 10.68%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. equities analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The firm also recently disclosed 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. This represents a $1.96 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s payout ratio is currently 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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