Marshwinds Advisory Co. Has $242,000 Position in General Mills, Inc. (GIS)
Marshwinds Advisory Co. decreased its position in General Mills, Inc. (NYSE:GIS) by 19.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,086 shares of the company’s stock after selling 1,000 shares during the quarter. Marshwinds Advisory Co.’s holdings in General Mills were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in GIS. Trust Co. of Toledo NA OH grew its holdings in General Mills by 2.9% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 28,793 shares of the company’s stock valued at $1,595,000 after buying an additional 824 shares during the period. State of Alaska Department of Revenue grew its holdings in General Mills by 0.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 108,700 shares of the company’s stock valued at $6,021,000 after buying an additional 991 shares during the period. National Pension Service grew its holdings in General Mills by 10.8% in the 2nd quarter. National Pension Service now owns 494,155 shares of the company’s stock valued at $27,164,000 after buying an additional 48,216 shares during the period. Somerset Trust Co grew its holdings in General Mills by 2.8% in the 2nd quarter. Somerset Trust Co now owns 21,407 shares of the company’s stock valued at $1,185,000 after buying an additional 589 shares during the period. Finally, Chevy Chase Trust Holdings Inc. grew its holdings in General Mills by 10.9% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 812,324 shares of the company’s stock valued at $45,003,000 after buying an additional 80,085 shares during the period. 72.59% of the stock is owned by hedge funds and other institutional investors.
Shares of General Mills, Inc. (NYSE GIS) traded up $0.51 during trading hours on Monday, hitting $59.92. The stock had a trading volume of 2,308,000 shares, compared to its average volume of 3,185,550. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.73. The stock has a market cap of $33,980.00, a PE ratio of 21.95, a P/E/G ratio of 2.64 and a beta of 0.66.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts expect that General Mills, Inc. will post 3.12 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 9th. General Mills’s payout ratio is currently 71.79%.
GIS has been the subject of several recent analyst reports. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group initiated coverage on General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 price target for the company. Royal Bank of Canada set a $58.00 price target on General Mills and gave the company a “hold” rating in a report on Monday, October 23rd. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Wells Fargo & Co upgraded General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price target for the company in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.17.
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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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