Bruderman Asset Management LLC Sells 2,258 Shares of General Mills, Inc. (GIS)
Bruderman Asset Management LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 25.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,772 shares of the company’s stock after selling 2,258 shares during the quarter. Bruderman Asset Management LLC’s holdings in General Mills were worth $402,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in General Mills by 1.4% during the second quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock valued at $2,214,240,000 after buying an additional 533,919 shares in the last quarter. American Century Companies Inc. raised its holdings in General Mills by 15.9% during the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after buying an additional 1,550,074 shares in the last quarter. American International Group Inc. raised its holdings in General Mills by 1,708.4% during the third quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after buying an additional 8,528,534 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in General Mills by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock valued at $387,691,000 after buying an additional 890,262 shares in the last quarter. Finally, Capital World Investors raised its holdings in General Mills by 26.2% during the second quarter. Capital World Investors now owns 4,100,000 shares of the company’s stock valued at $227,140,000 after buying an additional 850,000 shares in the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.
In related news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.
General Mills, Inc. (NYSE GIS) opened at $53.99 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. The company has a market capitalization of $30,720.00, a PE ratio of 19.78, a PEG ratio of 2.46 and a beta of 0.61. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.73.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. research analysts predict that General Mills, Inc. will post 3.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 71.79%.
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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