5,042 Shares in General Mills, Inc. (GIS) Acquired by Pointe Capital Management LLC
Pointe Capital Management LLC purchased a new position in General Mills, Inc. (NYSE:GIS) during the first quarter, Holdings Channel reports. The institutional investor purchased 5,042 shares of the company’s stock, valued at approximately $298,000.
Several other institutional investors have also modified their holdings of GIS. Alpha Windward LLC increased its position in shares of General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock worth $241,000 after buying an additional 34 shares during the last quarter. Tompkins Financial Corp increased its position in shares of General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock worth $372,000 after buying an additional 162 shares during the last quarter. Integrated Wealth Management increased its position in shares of General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock worth $519,000 after buying an additional 54 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of General Mills by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,772 shares of the company’s stock worth $870,000 after buying an additional 252 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of General Mills during the first quarter worth about $498,000. 71.46% of the stock is currently owned by institutional investors and hedge funds.
General Mills, Inc. (NYSE GIS) traded down 0.061% during midday trading on Tuesday, reaching $57.365. 759,347 shares of the company’s stock traded hands. The company has a market capitalization of $33.11 billion, a PE ratio of 20.709 and a beta of 0.61. The firm’s 50 day moving average price is $55.05 and its 200-day moving average price is $57.85. General Mills, Inc. has a 1-year low of $53.24 and a 1-year high of $71.96.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. General Mills had a net margin of 10.40% and a return on equity of 39.09%. General Mills’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Equities analysts expect that General Mills, Inc. will post $3.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a yield of 3.41%. General Mills’s payout ratio is currently 70.76%.
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A number of equities analysts have recently issued reports on GIS shares. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price target on General Mills and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target on the stock in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reduced their price target on General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, June 29th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. General Mills presently has a consensus rating of “Hold” and an average target price of $59.93.
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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