General Mills, Inc. (GIS) Shares Bought by Buckingham Asset Management LLC

Buckingham Asset Management LLC boosted its stake in General Mills, Inc. (NYSE:GIS) by 46.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,681 shares of the company’s stock after buying an additional 1,804 shares during the period. Buckingham Asset Management LLC’s holdings in General Mills were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in General Mills during the fourth quarter valued at $297,782,000. Bank of New York Mellon Corp boosted its stake in General Mills by 26.1% in the first quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock valued at $413,862,000 after buying an additional 1,449,632 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in General Mills by 965.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,138,406 shares of the company’s stock valued at $70,383,000 after buying an additional 1,031,541 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in General Mills by 52.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,701,863 shares of the company’s stock valued at $166,894,000 after buying an additional 925,485 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in General Mills by 24.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,571,833 shares of the company’s stock valued at $151,764,000 after buying an additional 508,007 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Shares of General Mills, Inc. (GIS) traded down 0.29% on Friday, hitting $55.33. The stock had a trading volume of 2,409,518 shares. The firm has a market capitalization of $31.93 billion, a price-to-earnings ratio of 19.97 and a beta of 0.61. The firm has a 50 day moving average of $55.38 and a 200-day moving average of $58.33. General Mills, Inc. has a 1-year low of $53.24 and a 1-year high of $72.22.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the business posted $0.66 earnings per share. General Mills’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 3.54%. This is an increase from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio (DPR) is 70.76%.

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A number of equities analysts have commented on the company. UBS AG restated a “neutral” rating and set a $61.00 price objective (down previously from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Susquehanna Bancshares Inc set a $59.00 price objective on General Mills and gave the stock a “hold” rating in a research note on Sunday, June 25th. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Bank of America Corporation restated a “neutral” rating and set a $61.00 price objective (down previously from $63.00) on shares of General Mills in a research note on Sunday, June 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $67.00 price objective on shares of General Mills in a research note on Thursday, June 15th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.93.

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.

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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