Nomura Holdings Inc. Has $2.95 Million Holdings in General Mills, Inc. (GIS)
Nomura Holdings Inc. raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 20,839.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,187 shares of the company’s stock after acquiring an additional 52,933 shares during the quarter. Nomura Holdings Inc.’s holdings in General Mills were worth $2,947,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of General Mills by 1.4% during the second quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock valued at $2,214,240,000 after acquiring an additional 533,919 shares during the period. American Century Companies Inc. lifted its holdings in shares of General Mills by 7.3% during the second quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock valued at $539,908,000 after acquiring an additional 659,156 shares during the period. Morgan Stanley lifted its holdings in shares of General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after acquiring an additional 1,603,577 shares during the period. Geode Capital Management LLC lifted its holdings in shares of General Mills by 5.3% during the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock valued at $342,642,000 after acquiring an additional 295,119 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of General Mills by 17.0% during the first quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock valued at $268,283,000 after acquiring an additional 660,726 shares during the period. 69.88% of the stock is owned by institutional investors.
A number of research analysts have issued reports on GIS shares. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Friday, September 15th. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Citigroup Inc. restated a “buy” rating and issued a $67.00 target price on shares of General Mills in a research note on Thursday, September 21st. Morgan Stanley restated an “equal weight” rating and issued a $52.00 target price (down from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Susquehanna Bancshares Inc restated a “hold” rating and issued a $58.00 target price on shares of General Mills in a research note on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$56.60.
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Shares of General Mills, Inc. (NYSE GIS) opened at C$53.28 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $30,281.07, a PE ratio of 17.70, a P/E/G ratio of 1.99 and a beta of 0.63. General Mills, Inc. has a 12-month low of C$49.65 and a 12-month high of C$64.06.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported C$0.71 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.76 by C($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of C$3.77 billion during the quarter, compared to analyst estimates of C$3.79 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. analysts anticipate 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. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s dividend payout ratio (DPR) is currently 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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