Jag Capital Management LLC Has $205,000 Position in General Mills, Inc. (GIS)
Jag Capital Management LLC continued to hold its stake in General Mills, Inc. (NYSE:GIS) during the second quarter, Holdings Channel reports. The fund owned 3,707 shares of the company’s stock at the end of the second quarter. Jag Capital Management LLC’s holdings in General Mills were worth $205,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Alpha Windward LLC boosted 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 in the last quarter. Tompkins Financial Corp boosted 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 in the last quarter. Integrated Wealth Management boosted 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 in the last quarter. Mn Services Vermogensbeheer B.V. boosted 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 in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of General Mills during the first quarter worth $498,000. 71.46% of the stock is owned by hedge funds and other institutional investors.
General Mills, Inc. (NYSE:GIS) traded up 0.5509% during trading on Wednesday, hitting $57.6257. The stock had a trading volume of 1,173,441 shares. The company has a market capitalization of $33.26 billion, a price-to-earnings ratio of 20.8035 and a beta of 0.61. The stock has a 50 day moving average price of $55.08 and a 200 day moving average price of $57.81. General Mills, Inc. has a 12-month low of $53.24 and a 12-month high of $71.96.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Equities research analysts forecast that General Mills, Inc. will post $3.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This is a boost from General Mills’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 3.42%. General Mills’s dividend payout ratio (DPR) is currently 70.76%.
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A number of analysts have weighed in on GIS shares. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $58.98 price target for the company in a research report on Monday, May 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 price target (down previously from $58.00) on shares of General Mills in a research report on Sunday, June 25th. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $67.00 price target on shares of General Mills in a research report on Thursday, June 15th. Finally, Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. General Mills has an average rating of “Hold” and an average price target of $59.93.
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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