Moody National Bank Trust Division boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 28.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,214 shares of the company’s stock after acquiring an additional 489 shares during the quarter. Moody National Bank Trust Division’s holdings in General Mills were worth $86,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in General Mills during the 3rd quarter worth about $321,000. Financial Counselors Inc. lifted its position in General Mills by 4.0% during the 3rd quarter. Financial Counselors Inc. now owns 204,922 shares of the company’s stock worth $8,795,000 after acquiring an additional 7,917 shares during the period. Trillium Asset Management LLC lifted its holdings in shares of General Mills by 11.4% in the 3rd quarter. Trillium Asset Management LLC now owns 31,044 shares of the company’s stock valued at $1,333,000 after buying an additional 3,184 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of General Mills by 324.2% in the 2nd quarter. Centaurus Financial Inc. now owns 15,924 shares of the company’s stock valued at $705,000 after buying an additional 12,170 shares during the period. Finally, Sowell Financial Services LLC lifted its holdings in shares of General Mills by 4.0% in the 3rd quarter. Sowell Financial Services LLC now owns 89,148 shares of the company’s stock valued at $3,826,000 after buying an additional 3,467 shares during the period. 68.57% of the stock is owned by institutional investors.
NYSE:GIS opened at $40.42 on Thursday. General Mills, Inc. has a 12 month low of $36.42 and a 12 month high of $60.69. The company has a quick ratio of 0.36, a current ratio of 0.58 and a debt-to-equity ratio of 1.75. The company has a market cap of $23.76 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.78 and a beta of 0.64.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 19th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. General Mills had a return on equity of 29.44% and a net margin of 12.48%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same period in the previous year, the business earned $0.82 EPS. General Mills’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 3.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Wednesday, January 9th. This represents a $1.96 annualized dividend and a yield of 4.85%. General Mills’s dividend payout ratio (DPR) is currently 63.02%.
Several equities analysts have recently issued reports on GIS shares. ValuEngine cut General Mills from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. UBS Group reissued a “buy” rating and issued a $40.00 price objective on shares of General Mills in a report on Friday, December 14th. Morgan Stanley decreased their price objective on General Mills from $48.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, September 20th. Jefferies Financial Group set a $55.00 price objective on General Mills and gave the company a “buy gis” rating in a report on Monday, December 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $52.00 price objective on shares of General Mills in a report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.37.
General Mills Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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