Crossmark Global Holdings Inc. acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 190,788 shares of the company’s stock, valued at approximately $9,875,000.
Several other large investors also recently bought and sold shares of GIS. Lenox Wealth Advisors Inc. increased its stake 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. Winslow Evans & Crocker Inc. grew its stake 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 acquiring an additional 69 shares in the last quarter. IHT Wealth Management LLC grew its stake 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 acquiring an additional 627 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in General Mills during the 2nd quarter valued at about $158,000. Finally, Lenox Wealth Management Inc. grew its stake 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 acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 71.32% of the company’s stock.
Several analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company decreased their target price on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a report on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $56.00 target price on shares of General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.60.
General Mills, Inc. (NYSE:GIS) opened at $53.65 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06. The firm has a market cap of $30,491.39, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. equities research analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.65%. General Mills’s payout ratio is 70.25%.
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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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