General Mills, Inc. (GIS) Position Lifted by Trust Co
Trust Co increased its position in shares of General Mills, Inc. (NYSE:GIS) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the company’s stock after acquiring an additional 974 shares during the quarter. Trust Co’s holdings in General Mills were worth $342,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of General Mills by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after acquiring an additional 533,919 shares in the last quarter. American Century Companies Inc. raised its stake in shares of General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after acquiring an additional 1,550,074 shares in the last quarter. American International Group Inc. raised its stake in shares of General Mills by 1,708.4% during the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock worth $467,276,000 after acquiring an additional 8,528,534 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of General Mills by 13.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock worth $387,691,000 after acquiring an additional 890,262 shares in the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of General Mills by 94.6% during the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock worth $250,196,000 after acquiring an additional 2,195,397 shares in the last quarter. Hedge funds and other institutional investors own 72.59% of the company’s stock.
Several research analysts recently commented on GIS shares. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group initiated coverage on shares of General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 price objective for the company. Royal Bank of Canada set a $58.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Monday, October 23rd. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Wells Fargo & Co upgraded shares of General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. General Mills has an average rating of “Hold” and a consensus price target of $58.17.
General Mills, Inc. (GIS) traded down $0.69 during trading hours on Thursday, hitting $58.63. 3,097,200 shares of the stock were exchanged, compared to its average volume of 3,148,243. The firm has a market capitalization of $33,360.00, a price-to-earnings ratio of 21.48, a P/E/G ratio of 2.64 and a beta of 0.66. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $63.73. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.82. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. equities research analysts forecast that General Mills, Inc. will post 3.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.34%. General Mills’s payout ratio is currently 71.79%.
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General Mills 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.
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