General Mills, Inc. (NYSE:GIS) Position Reduced by Brown Advisory Securities LLC
Brown Advisory Securities LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 16.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,752 shares of the company’s stock after selling 1,922 shares during the period. Brown Advisory Securities LLC’s holdings in General Mills were worth $575,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Alpha Windward LLC increased its stake 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 stake 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 stake 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 stake 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 purchased a new stake in shares of General Mills during the first quarter worth approximately $498,000. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Shares of General Mills, Inc. (GIS) traded up 0.48% on Friday, hitting $56.56. The company had a trading volume of 814,874 shares. General Mills, Inc. has a 12 month low of $53.24 and a 12 month high of $71.96. The company has a 50-day moving average of $54.99 and a 200 day moving average of $57.99. The stock has a market cap of $32.64 billion, a PE ratio of 20.42 and a beta of 0.61.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Analysts anticipate that General Mills, Inc. will post $3.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a $0.49 dividend. This is an increase from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.48%. General Mills’s dividend payout ratio is presently 70.76%.
GIS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of 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 objective on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Vetr upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price objective for the company in a research report on Tuesday, June 27th. Stifel Nicolaus reduced their price target on shares of General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, June 29th. Finally, BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target 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.
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).
Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.