Atria Investments LLC raised its position in General Mills, Inc. (NYSE:GIS) by 66.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 56,891 shares of the company’s stock after purchasing an additional 22,788 shares during the period. Atria Investments LLC’s holdings in General Mills were worth $3,373,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cable Hill Partners LLC increased its stake in shares of General Mills by 274.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares in the last quarter. Grove Bank & Trust increased its stake in shares of General Mills by 322.7% in the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after acquiring an additional 1,878 shares in the last quarter. Spectrum Management Group Inc. bought a new stake in shares of General Mills in the 3rd quarter valued at $135,000. Tradewinds Capital Management LLC increased its stake in shares of General Mills by 127.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after acquiring an additional 1,459 shares in the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of General Mills in the 2nd quarter valued at $158,000. Hedge funds and other institutional investors own 72.58% of the company’s stock.
In other news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.
Shares of General Mills, Inc. (NYSE:GIS) opened at $58.43 on Wednesday. The company has a market cap of $33,250.00, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.66. 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, Inc. has a one year low of $49.65 and a one year high of $63.73.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.82. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. General Mills’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. equities research analysts forecast that General Mills, Inc. will post 3.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.35%. General Mills’s dividend payout ratio (DPR) is presently 71.79%.
GIS has been the subject of several research analyst reports. Zacks Investment Research lowered shares of General Mills from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Susquehanna Bancshares reiterated a “hold” rating and issued a $58.00 price objective on shares of General Mills in a research note on Tuesday, September 19th. Royal Bank of Canada lowered their price objective on shares of General Mills from $62.00 to $58.00 and set a “sector perform” rating for the company in a research note on Thursday, September 21st. Bank of America lowered their price objective on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price objective (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. General Mills presently has an average rating of “Hold” and a consensus price target of $58.17.
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General Mills Company 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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