Tiaa Fsb Has $3.01 Million Position in General Mills, Inc. (GIS)
Tiaa Fsb lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,082 shares of the company’s stock after selling 3,282 shares during the period. Tiaa Fsb’s holdings in General Mills were worth $3,006,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its position in General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after buying an additional 9,952 shares during the last quarter. Boston Advisors LLC increased its position in General Mills by 1.8% during the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock worth $1,156,000 after buying an additional 375 shares during the last quarter. Bfsg LLC acquired a new position in General Mills during the first quarter worth approximately $2,843,000. LVW Advisors LLC acquired a new position in General Mills during the second quarter worth approximately $2,515,000. Finally, PVG Asset Management Corp acquired a new position in General Mills during the first quarter worth approximately $6,352,000. Institutional investors and hedge funds own 71.32% of the company’s stock.
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Shares of General Mills, Inc. (GIS) opened at $53.65 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The stock has a market capitalization of $30,417.48, a P/E ratio of 17.78, a P/E/G ratio of 2.00 and a beta of 0.63. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $64.06.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. research analysts predict that General Mills, Inc. will post 3.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s dividend payout ratio (DPR) is currently 70.25%.
A number of equities analysts have weighed in on GIS shares. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Friday, September 15th. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Citigroup Inc. reissued a “buy” rating and set a $67.00 price target on shares of General Mills in a research report on Thursday, September 21st. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target (down previously from $55.00) on shares of General Mills in a research report on Thursday, September 21st. Finally, Susquehanna Bancshares Inc reissued a “hold” rating and set a $58.00 price target on shares of General Mills in a research report on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.60.
General Mills 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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