Gs Investments Inc. Takes Position in General Mills, Inc. (GIS)
Gs Investments Inc. acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 32,190 shares of the company’s stock, valued at approximately $1,783,000. General Mills comprises 1.3% of Gs Investments Inc.’s investment portfolio, making the stock its 25th biggest position.
Several other hedge funds and other institutional investors also recently modified their holdings of GIS. Flossbach Von Storch AG purchased a new stake in shares of General Mills during the 2nd quarter worth $227,578,000. Janus Henderson Group PLC lifted its stake in shares of General Mills by 3,178.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock worth $144,666,000 after purchasing an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA raised its stake in General Mills by 94.6% in the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after buying an additional 2,195,397 shares during the last quarter. Morgan Stanley raised its stake in General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after buying an additional 1,603,577 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after buying an additional 1,190,200 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.
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A number of equities research analysts have commented on the company. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $58.00 price target on shares of General Mills in a research note on Tuesday, September 19th. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.60.
Shares of General Mills, Inc. (NYSE:GIS) opened at $53.72 on Friday. The company has a market capitalization of $30,500.00, a PE ratio of 17.98, a P/E/G ratio of 2.02 and a beta of 0.63. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $64.06. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share. analysts predict that General Mills, Inc. will post 3.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s dividend payout ratio (DPR) is 70.25%.
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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