Davis R M Inc. purchased a new position in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,795 shares of the company’s stock, valued at approximately $225,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new position in shares of General Mills during the 2nd quarter worth about $302,000. IFP Advisors Inc lifted its position in shares of General Mills by 2.4% during the 2nd quarter. IFP Advisors Inc now owns 38,645 shares of the company’s stock worth $2,141,000 after purchasing an additional 896 shares during the last quarter. First Bank & Trust lifted its position in shares of General Mills by 44.0% during the 2nd quarter. First Bank & Trust now owns 12,778 shares of the company’s stock worth $708,000 after purchasing an additional 3,904 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of General Mills by 15.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 28,724 shares of the company’s stock worth $1,591,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Tdam USA Inc. lifted its position in shares of General Mills by 0.4% during the 2nd quarter. Tdam USA Inc. now owns 28,063 shares of the company’s stock worth $1,543,000 after purchasing an additional 116 shares during the last quarter. 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 that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the sale, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
Several equities analysts have commented on GIS shares. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target for the company in a report on Wednesday, January 3rd. Susquehanna Bancshares set a $56.00 price target on General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Argus reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Goldman Sachs Group reaffirmed a “sell” rating on shares of General Mills in a report on Wednesday, October 4th. Finally, Wells Fargo & Co cut their price target on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.17.
Shares of General Mills, Inc. (NYSE GIS) opened at $59.12 on Thursday. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.73. The firm has a market capitalization of $33,249.23, a P/E ratio of 21.66, a PEG ratio of 2.58 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. sell-side analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. General Mills’s dividend payout ratio is currently 71.79%.
TRADEMARK VIOLATION WARNING: This article was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://transcriptdaily.com/2018/01/18/3795-shares-in-general-mills-inc-gis-acquired-by-davis-r-m-inc.html.
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.
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.