Kistler Tiffany Companies LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 51.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,689 shares of the company’s stock after buying an additional 2,259 shares during the period. Kistler Tiffany Companies LLC’s holdings in General Mills were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in GIS. Acima Private Wealth LLC acquired a new stake in General Mills in the 4th quarter valued at approximately $29,000. We Are One Seven LLC acquired a new stake in General Mills in the 4th quarter valued at approximately $30,000. Legacy Advisors LLC acquired a new stake in General Mills in the 1st quarter valued at approximately $31,000. BDO Wealth Advisors LLC acquired a new stake in General Mills in the 4th quarter valued at approximately $37,000. Finally, Sageworth Trust Co acquired a new stake in General Mills in the 1st quarter valued at approximately $49,000. Institutional investors and hedge funds own 68.88% of the company’s stock.
GIS has been the subject of several research reports. Credit Suisse Group dropped their target price on shares of General Mills from $46.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, December 20th. Jefferies Financial Group set a $55.00 target price on shares of General Mills and gave the company a “buy gis” rating in a report on Monday, December 24th. Deutsche Bank upgraded shares of General Mills from a “hold” rating to a “buy” rating and lifted their target price for the company from $43.00 to $54.00 in a report on Thursday, March 14th. Morgan Stanley set a $41.00 target price on shares of General Mills and gave the company a “hold” rating in a report on Friday, December 21st. Finally, ValuEngine upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. General Mills presently has an average rating of “Hold” and an average target price of $49.91.
NYSE:GIS opened at $51.47 on Wednesday. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.55 and a quick ratio of 0.35. General Mills, Inc. has a 52 week low of $36.42 and a 52 week high of $52.17.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.21 billion. General Mills had a net margin of 9.26% and a return on equity of 28.11%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, sell-side analysts anticipate that General Mills, Inc. will post 3.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.81%. General Mills’s dividend payout ratio (DPR) is 63.02%.
In other General Mills news, insider John R. Church sold 4,719 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $50.78, for a total value of $239,630.82. Following the completion of the transaction, the insider now owns 34,112 shares in the company, valued at $1,732,207.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director R Kerry Clark sold 7,849 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $44.26, for a total transaction of $347,396.74. Following the completion of the transaction, the director now owns 30,215 shares of the company’s stock, valued at approximately $1,337,315.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,071 shares of company stock valued at $22,112,181. Insiders own 0.59% of the company’s stock.
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General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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