GIS has been the topic of a number of other reports. Zacks Investment Research upgraded General Mills from a sell rating to a hold rating in a research note on Wednesday, August 23rd. Wells Fargo & Co lowered their price objective on General Mills from $56.00 to $53.00 and set a market perform rating on the stock in a research note on Friday, September 22nd. BMO Capital Markets restated a hold rating and issued a $60.00 price objective on shares of General Mills in a research note on Wednesday, September 6th. Edward Jones restated a hold rating on shares of General Mills in a research note on Wednesday, December 20th. Finally, Susquehanna Bancshares set a $56.00 price objective on General Mills and gave the company a hold rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $58.17.
Shares of General Mills (GIS) opened at $57.85 on Thursday. The company has a market capitalization of $32,919.20, a price-to-earnings ratio of 19.41, a PEG ratio of 2.55 and a beta of 0.66. General Mills has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.82. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. research analysts predict that General Mills will post 3.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders 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 yield of 3.39%. The ex-dividend date of this dividend is Tuesday, January 9th. General Mills’s payout ratio is presently 71.79%.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the transaction, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of GIS. Lenox Wealth Advisors Inc. grew its holdings in shares of General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Cable Hill Partners LLC grew its holdings in shares of General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after purchasing an additional 1,647 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of General Mills by 322.7% during the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after purchasing an additional 1,878 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Spectrum Management Group Inc. purchased a new position in shares of General Mills during the third quarter worth about $135,000. 72.59% of the stock is owned by institutional investors and hedge funds.
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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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