Valueinvest Asset Management S.A. Buys 25,600 Shares of General Mills, Inc. (NYSE:GIS)
Valueinvest Asset Management S.A. increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 3,272,300 shares of the company’s stock after buying an additional 25,600 shares during the period. General Mills comprises 11.7% of Valueinvest Asset Management S.A.’s holdings, making the stock its 3rd largest position. Valueinvest Asset Management S.A.’s holdings in General Mills were worth $193,098,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of GIS. Cribstone Capital Management LLC increased its position in General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock valued at $116,000 after buying an additional 1,480 shares during the last quarter. Commonwealth Financial Services LLC increased its position in General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock valued at $130,000 after buying an additional 2,058 shares during the last quarter. Hanson McClain Inc. increased its position in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares during the last quarter. Assetmark Inc. increased its position in General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in General Mills during the first quarter valued at about $179,000. 70.97% of the stock is currently owned by institutional investors and hedge funds.
General Mills, Inc. (NYSE:GIS) traded up 0.53% during midday trading on Friday, reaching $56.59. 3,702,017 shares of the company traded hands. General Mills, Inc. has a 12 month low of $53.24 and a 12 month high of $71.96. The company’s 50-day moving average price is $55.00 and its 200 day moving average price is $57.96. The firm has a market capitalization of $32.66 billion, a PE ratio of 20.43 and a beta of 0.61.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.46%. This is a positive change from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, July 6th. General Mills’s dividend payout ratio is 70.76%.
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Several equities analysts have issued reports on the stock. UBS AG reaffirmed a “neutral” rating and set a $61.00 price objective (down from $63.00) on shares of General Mills in a report on Wednesday, June 21st. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the company a “sell” rating in a report on Monday, August 7th. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday. Finally, Susquehanna Bancshares Inc set a $59.00 price objective on shares of General Mills and gave the company a “hold” rating in a report on Sunday, June 25th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.93.
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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