Foster & Motley Inc. decreased its position in General Mills, Inc. (NYSE:GIS) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,022 shares of the company’s stock after selling 5,952 shares during the period. Foster & Motley Inc.’s holdings in General Mills were worth $6,079,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Lenox Wealth Advisors Inc. raised its position in shares of General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock worth $107,000 after buying an additional 14 shares in the last quarter. Cribstone Capital Management LLC raised its position in shares of General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. Commonwealth Financial Services LLC raised its position in shares of General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of General Mills by 400.0% in the third quarter. Jacobi Capital Management LLC now owns 2,500 shares of the company’s stock worth $158,000 after buying an additional 2,000 shares in the last quarter. Finally, Perennial Advisors LLC acquired a new stake in General Mills during the fourth quarter worth about $165,000. 69.77% of the stock is owned by institutional investors.
General Mills, Inc. (NYSE:GIS) traded up 0.23% during mid-day trading on Friday, reaching $56.04. The company had a trading volume of 1,203,707 shares. The company has a market capitalization of $32.29 billion, a P/E ratio of 20.76 and a beta of 0.56. The stock has a 50 day moving average price of $57.33 and a 200 day moving average price of $60.47. General Mills, Inc. has a one year low of $55.57 and a one year high of $72.95.
General Mills (NYSE:GIS) last released its quarterly earnings data on Tuesday, March 21st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. General Mills had a net margin of 10.23% and a return on equity of 35.10%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the business earned $0.65 EPS. General Mills’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that General Mills, Inc. will post $3.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 10th were paid a $0.48 dividend. The ex-dividend date was Thursday, April 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.43%. General Mills’s dividend payout ratio is 71.64%.
A number of analysts have commented on the company. Deutsche Bank AG assumed coverage on General Mills in a research report on Wednesday, February 15th. They issued a “hold” rating and a $61.00 price objective for the company. Royal Bank of Canada restated a “hold” rating on shares of General Mills in a research report on Sunday, March 12th. Credit Suisse Group AG restated a “neutral” rating and set a $65.00 target price on shares of General Mills in a research report on Thursday, February 2nd. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a research report on Thursday, February 23rd. Finally, Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $52.00 price objective for the company. in a research report on Tuesday, March 21st. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.09.
In other General Mills news, insider Jonathon Nudi acquired 1,800 shares of General Mills stock in a transaction that occurred on Wednesday, April 12th. The stock was acquired at an average cost of $57.45 per share, for a total transaction of $103,410.00. Following the purchase, the insider now owns 34,077 shares of the company’s stock, valued at $1,957,723.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.
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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