Americafirst Capital Management LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,843 shares of the company’s stock, valued at approximately $158,000.
Other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after purchasing an additional 15 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after purchasing an additional 69 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after purchasing an additional 627 shares during the last quarter. V Wealth Management LLC acquired a new stake in General Mills during the 2nd quarter valued at $178,000. Finally, Lenox Wealth Management Inc. lifted its holdings in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after purchasing an additional 11 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.
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General Mills, Inc. (GIS) opened at $54.12 on Wednesday. The company has a market capitalization of $30,104.89, a PE ratio of 17.60, a P/E/G ratio of 1.97 and a beta of 0.63. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. equities analysts expect 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 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
Several brokerages have issued reports on GIS. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the company a “sell” rating in a report on Monday, August 7th. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Societe Generale raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc set a $56.00 price target on General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. General Mills currently has a consensus rating of “Hold” and an average target price 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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