North Star Asset Management Inc. reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,600 shares of the company’s stock after selling 250 shares during the quarter. North Star Asset Management Inc.’s holdings in General Mills were worth $353,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Carmichael Hill & Associates Inc. purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $34,000. KCS Wealth Advisory acquired a new stake in General Mills during the 3rd quarter valued at $36,000. Quest Capital Management Inc. ADV acquired a new stake in General Mills during the 3rd quarter valued at $37,000. Venturi Wealth Management LLC acquired a new stake in General Mills during the 3rd quarter valued at $41,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in General Mills during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 69.60% of the company’s stock.
Shares of GIS traded up $0.32 during midday trading on Friday, hitting $53.31. The company had a trading volume of 2,521,976 shares, compared to its average volume of 3,482,932. The stock has a market cap of $31.67 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 2.21 and a beta of 0.73. The company’s 50 day moving average price is $52.89 and its 200 day moving average price is $53.20. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 1.37. General Mills, Inc. has a 52 week low of $43.91 and a 52 week high of $56.40.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.88 by $0.07. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.43 billion. General Mills had a net margin of 12.62% and a return on equity of 27.33%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Equities analysts anticipate that General Mills, Inc. will post 3.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a $0.49 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $1.96 annualized dividend and a dividend yield of 3.68%. General Mills’s payout ratio is 60.87%.
A number of equities analysts have commented on GIS shares. Royal Bank of Canada reiterated a “hold” rating and issued a $57.00 price objective on shares of General Mills in a report on Wednesday, December 18th. Deutsche Bank assumed coverage on General Mills in a research note on Wednesday, December 11th. They set a “buy” rating and a $61.00 target price for the company. Jefferies Financial Group began coverage on General Mills in a research report on Wednesday, January 22nd. They set a “hold” rating and a $57.00 target price on the stock. ValuEngine upgraded General Mills from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 21st. Finally, UBS Group increased their price target on General Mills from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $55.61.
General Mills 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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