General Mills, Inc. $GIS Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in General Mills, Inc. (NYSE:GIS) by 978.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 134,914 shares of the company’s stock after buying an additional 122,399 shares during the quarter. Quantbot Technologies LP’s holdings in General Mills were worth $8,067,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in GIS. Perkins Coie Trust Co grew its position in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Transce3nd LLC bought a new position in General Mills in the 4th quarter worth about $32,000. Smallwood Wealth Investment Management LLC bought a new position in General Mills in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. bought a new position in General Mills in the 1st quarter worth about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in General Mills in the 1st quarter worth about $37,000. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada upgraded shares of General Mills from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Barclays decreased their target price on shares of General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, June 26th. The Goldman Sachs Group cut shares of General Mills from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $51.00 price target (down from $53.00) on shares of General Mills in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $59.73.

General Mills Stock Down 0.0%

GIS stock opened at $49.65 on Monday. General Mills, Inc. has a 12 month low of $48.59 and a 12 month high of $75.90. The firm has a market cap of $26.93 billion, a PE ratio of 12.11, a P/E/G ratio of 1.25 and a beta of -0.01. The firm has a 50 day simple moving average of $51.31 and a 200 day simple moving average of $55.49. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a dividend of $0.61 per share. This is a boost from General Mills’s previous quarterly dividend of $0.60. This represents a $2.44 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, July 10th. General Mills’s dividend payout ratio (DPR) is currently 59.51%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.