General Mills, Inc. (GIS) Shares Sold by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. lowered its holdings in General Mills, Inc. (NYSE:GIS) by 7.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 335,167 shares of the company’s stock after selling 25,153 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.06% of General Mills worth $17,347,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Lenox Wealth Advisors Inc. grew its stake in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after purchasing an additional 69 shares in the last quarter. IHT Wealth Management LLC grew its stake in General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after purchasing an additional 627 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in General Mills during the 2nd quarter worth $158,000. Finally, Lenox Wealth Management Inc. grew its stake in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 71.32% of the company’s stock.
Shares of General Mills, Inc. (NYSE:GIS) opened at $53.65 on Friday. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market capitalization of $30,491.36, a PE ratio of 17.82, a PEG 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is currently 70.25%.
Several research firms recently commented on GIS. Bank of America Corporation lowered their target price on General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $67.00 price target on shares of General Mills in a report on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of General Mills in a report on Wednesday, September 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of General Mills in a report on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $58.00 price target on shares of General Mills in a report on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. General Mills currently has a consensus rating of “Hold” and a consensus target price of $56.60.
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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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