Signaturefd LLC Invests $232,000 in General Mills, Inc. (GIS)
Signaturefd LLC purchased a new stake in General Mills, Inc. (NYSE:GIS) during the first quarter, Holdings Channel reports. The fund purchased 3,939 shares of the company’s stock, valued at approximately $232,000.
Several other hedge funds have also recently added to or reduced their stakes in GIS. National Pension Service boosted its stake in General Mills by 5.6% in the first quarter. National Pension Service now owns 445,939 shares of the company’s stock valued at $26,342,000 after buying an additional 23,476 shares during the period. First National Bank of Omaha boosted its stake in General Mills by 7.6% in the first quarter. First National Bank of Omaha now owns 4,200 shares of the company’s stock valued at $248,000 after buying an additional 297 shares during the period. TNB Financial purchased a new stake in General Mills during the first quarter valued at $498,000. Verde Servicos Internacionais S.A. purchased a new stake in General Mills during the first quarter valued at $218,000. Finally, Alpha Windward LLC boosted its stake in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock valued at $241,000 after buying an additional 34 shares during the period. Institutional investors own 70.97% of the company’s stock.
General Mills, Inc. (GIS) traded up 0.684% during midday trading on Friday, reaching $56.675. The company had a trading volume of 1,379,388 shares. General Mills, Inc. has a 12-month low of $53.24 and a 12-month high of $71.96. The stock has a market capitalization of $32.71 billion, a PE ratio of 20.460 and a beta of 0.61. The company has a 50-day moving average of $54.99 and a 200-day moving average of $58.00.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. On average, analysts predict that General Mills, Inc. will post $3.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.49 per share. This is a boost from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.48%. General Mills’s payout ratio is presently 70.76%.
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Several brokerages recently commented on GIS. Royal Bank Of Canada set a $65.00 target price on General Mills and gave the company a “hold” rating in a report on Monday, April 24th. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $58.98 target price on the stock in a report on Monday, May 1st. Credit Suisse Group reiterated a “neutral” rating and issued a $56.00 target price (down from $65.00) on shares of General Mills in a report on Friday, May 19th. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. Finally, Piper Jaffray Companies began coverage on General Mills in a report on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus 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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