4,300 Shares in General Mills, Inc. (GIS) Purchased by Fox Run Management L.L.C.
Fox Run Management L.L.C. acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,300 shares of the company’s stock, valued at approximately $223,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lenox Wealth Advisors Inc. raised its position in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after purchasing an additional 15 shares during the period. Winslow Evans & Crocker Inc. raised its position in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after purchasing an additional 69 shares during the period. IHT Wealth Management LLC raised its position in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after purchasing an additional 627 shares during the period. Americafirst Capital Management LLC purchased a new stake in General Mills in the second quarter valued at $158,000. Finally, Lenox Wealth Management Inc. raised its position in General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after purchasing an additional 11 shares during the period. 71.32% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Piper Jaffray Companies set a $56.00 price objective on General Mills and gave the company a “sell” rating in a report on Monday, August 7th. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Susquehanna Bancshares Inc set a $56.00 price objective on General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.60.
General Mills, Inc. (NYSE GIS) opened at $53.52 on Wednesday. The stock has a market capitalization of $30,826.68, a PE ratio of 18.02, a PEG ratio of 2.02 and a beta of 0.63. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $64.06. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. equities research analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.66%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
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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