Sandy Spring Bank reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,979 shares of the company’s stock after selling 193 shares during the period. Sandy Spring Bank’s holdings in General Mills were worth $412,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Baltimore Washington Financial Advisors Inc. acquired a new stake in General Mills during the fourth quarter worth approximately $15,491,000. Lenox Wealth Advisors Inc. increased its stake in General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock worth $107,000 after buying an additional 14 shares during the period. Cribstone Capital Management LLC increased its stake in General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares during the period. Commonwealth Financial Services LLC increased its stake in General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares during the period. Finally, Hanson McClain Inc. increased its stake in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the period. 71.46% of the stock is owned by institutional investors.
General Mills, Inc. (NYSE GIS) traded down 0.75% during mid-day trading on Friday, reaching $57.14. The company had a trading volume of 4,595,632 shares. The firm has a market capitalization of $32.98 billion, a P/E ratio of 20.63 and a beta of 0.61. The stock’s 50-day moving average is $55.23 and its 200 day moving average is $57.76. General Mills, Inc. has a 12 month low of $53.24 and a 12 month high of $71.96.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.43%. This is an increase from General Mills’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, July 6th. General Mills’s dividend payout ratio is currently 70.76%.
COPYRIGHT VIOLATION WARNING: “General Mills, Inc. (GIS) Position Cut by Sandy Spring Bank” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/sandy-spring-bank-sells-193-shares-of-general-mills-inc-gis-updated-updated-updated.html.
A number of equities research analysts have commented on the company. UBS AG reissued a “neutral” rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a report on Wednesday, June 21st. Piper Jaffray Companies set a $56.00 target price on General Mills and gave the company a “sell” rating in a report on Monday, August 7th. BMO Capital Markets reissued a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc set a $59.00 target price on General Mills and gave the company a “hold” rating in a report on Sunday, June 25th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.93.
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.
What are top analysts saying about General Mills Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for General Mills Inc. and related companies.