General Mills, Inc. (GIS) Shares Bought by Intellectus Partners LLC
Intellectus Partners LLC grew its position in shares of General Mills, Inc. (NYSE:GIS) by 38.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,204 shares of the company’s stock after acquiring an additional 2,009 shares during the period. Intellectus Partners LLC’s holdings in General Mills were worth $399,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Security National Bank of SO Dak grew its stake in shares of General Mills by 1.6% in the 2nd quarter. Security National Bank of SO Dak now owns 18,054 shares of the company’s stock worth $1,000,000 after buying an additional 285 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in shares of General Mills by 2.5% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 18,758 shares of the company’s stock worth $1,040,000 after buying an additional 462 shares during the last quarter. Scotia Capital Inc. grew its stake in shares of General Mills by 30.3% in the 2nd quarter. Scotia Capital Inc. now owns 50,616 shares of the company’s stock worth $2,804,000 after buying an additional 11,764 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of General Mills by 20,839.8% in the 2nd quarter. Nomura Holdings Inc. now owns 53,187 shares of the company’s stock worth $2,947,000 after buying an additional 52,933 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of General Mills in the 2nd quarter worth approximately $158,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.
General Mills, Inc. (NYSE GIS) opened at C$53.28 on Monday. The firm has a market capitalization of $30,281.07, a price-to-earnings ratio of 17.70, a PEG ratio of 1.99 and a beta of 0.63. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. General Mills, Inc. has a twelve month low of C$49.65 and a twelve month high of C$64.06.
General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 20th. The company reported C$0.71 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.05). The firm had revenue of C$3.77 billion for the quarter, compared to the consensus estimate of C$3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. sell-side analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 3.68%. General Mills’s payout ratio is 70.25%.
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Several research firms recently weighed in on GIS. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the stock a “sell” rating in a research note on Monday, August 7th. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, BMO Capital Markets restated a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. General Mills has an average rating of “Hold” and an average price target of C$56.60.
General Mills Company 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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