Bfsg LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 26.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,137 shares of the company’s stock after selling 12,475 shares during the quarter. Bfsg LLC’s holdings in General Mills were worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in General Mills by 21.8% in the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after buying an additional 9,952 shares during the last quarter. LVW Advisors LLC bought a new stake in General Mills in the second quarter valued at approximately $2,515,000. Captrust Financial Advisors bought a new stake in General Mills in the second quarter valued at approximately $693,000. AXA lifted its position in General Mills by 8.5% in the second quarter. AXA now owns 1,030,200 shares of the company’s stock valued at $57,073,000 after purchasing an additional 81,000 shares during the last quarter. Finally, 1st Global Advisors Inc. bought a new stake in General Mills in the second quarter valued at approximately $2,600,000. Institutional investors own 72.76% of the company’s stock.
In other news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Several equities analysts have recently issued reports on the company. Credit Suisse Group reissued a “neutral” rating and set a $53.00 target price on shares of General Mills in a research note on Monday, September 25th. Goldman Sachs Group reissued a “sell” rating on shares of General Mills in a research note on Wednesday, October 4th. Susquehanna Bancshares set a $56.00 target price on General Mills and gave the company a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Jefferies Group assumed coverage on General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 target price on the stock. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.28.
Shares of General Mills, Inc. (GIS) traded up $0.66 during mid-day trading on Tuesday, reaching $59.77. The company had a trading volume of 3,154,700 shares, compared to its average volume of 3,159,486. The stock has a market capitalization of $34,100.00, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.73. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.28%. General Mills’s dividend payout ratio is currently 71.79%.
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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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