General Mills, Inc. (GIS) Shares Bought by Calamos Advisors LLC
Calamos Advisors LLC raised its holdings in General Mills, Inc. (NYSE:GIS) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,979 shares of the company’s stock after buying an additional 2,529 shares during the quarter. Calamos Advisors LLC’s holdings in General Mills were worth $3,570,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Bank & Trust lifted its holdings in shares of General Mills by 12.2% in the third quarter. First Bank & Trust now owns 14,340 shares of the company’s stock valued at $742,000 after purchasing an additional 1,562 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of General Mills by 3.9% in the third quarter. Korea Investment CORP now owns 251,996 shares of the company’s stock valued at $13,043,000 after purchasing an additional 9,500 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of General Mills by 18.4% in the third quarter. First Trust Advisors LP now owns 903,566 shares of the company’s stock valued at $46,769,000 after purchasing an additional 140,533 shares in the last quarter. Raymond James Trust N.A. raised its holdings in General Mills by 3.4% during the third quarter. Raymond James Trust N.A. now owns 69,396 shares of the company’s stock worth $3,592,000 after acquiring an additional 2,280 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in General Mills by 5.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 69,171 shares of the company’s stock worth $3,580,000 after acquiring an additional 3,699 shares in the last quarter. 71.32% of the stock is currently owned by hedge funds and other institutional investors.
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General Mills, Inc. (NYSE GIS) traded up $0.13 during trading on Friday, hitting $53.65. 2,186,500 shares of the company’s stock traded hands, compared to its average volume of 3,704,666. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The company has a market cap of $30,491.36, a PE ratio of 17.82, a P/E/G ratio of 2.00 and a beta of 0.63.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the business earned $0.78 EPS. General Mills’s quarterly revenue was down 3.6% compared to the same quarter last year. sell-side analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued 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 3.65%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
Several research firms recently issued reports on GIS. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Susquehanna Bancshares Inc reissued a “hold” rating and set a $58.00 price target on shares of General Mills in a research report on Tuesday, September 19th. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the stock a “sell” rating in a research report on Monday, August 7th. Finally, BMO Capital Markets reissued a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. General Mills presently has a consensus rating of “Hold” and an average target price of $56.60.
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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