Iberiabank Corp Has $517,000 Position in General Mills, Inc. (GIS)
Iberiabank Corp increased its position in General Mills, Inc. (NYSE:GIS) by 63.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,013 shares of the company’s stock after purchasing an additional 3,873 shares during the period. Iberiabank Corp’s holdings in General Mills were worth $517,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of GIS. Cornerstone Wealth Management LLC purchased a new stake in shares of General Mills during the 1st quarter valued at about $275,000. RFG Advisory Group LLC purchased a new stake in shares of General Mills during the 1st quarter valued at about $297,000. Opus Investment Management Inc. increased its position in shares of General Mills by 11.3% during the 1st quarter. Opus Investment Management Inc. now owns 98,700 shares of the company’s stock valued at $5,824,000 after purchasing an additional 10,000 shares during the last quarter. Ngam Advisors L.P. increased its position in shares of General Mills by 15.5% during the 1st quarter. Ngam Advisors L.P. now owns 20,405 shares of the company’s stock valued at $1,204,000 after purchasing an additional 2,732 shares during the last quarter. Finally, Financial Counselors Inc. increased its position in shares of General Mills by 25.8% during the 1st quarter. Financial Counselors Inc. now owns 133,474 shares of the company’s stock valued at $7,876,000 after purchasing an additional 27,345 shares during the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.
Several research firms have recently commented on GIS. Susquehanna Bancshares set a $57.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank of Canada set a $58.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, Jefferies Group began coverage on shares of General Mills in a research report on Friday, October 20th. They set a “hold” rating and a $56.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.66.
General Mills, Inc. (NYSE:GIS) traded down $0.34 during trading on Friday, reaching $56.13. 2,842,600 shares of the company traded hands, compared to its average volume of 3,715,397. The stock has a market cap of $32,094.08, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.10 and a beta of 0.66. General Mills, Inc. has a one year low of $49.65 and a one year high of $63.74. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last released 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). The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. analysts predict that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
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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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