Carnegie Capital Asset Management LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 36.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,374 shares of the company’s stock after acquiring an additional 7,286 shares during the period. Carnegie Capital Asset Management LLC’s holdings in General Mills were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in General Mills by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after acquiring an additional 533,919 shares during the period. American Century Companies Inc. increased its holdings in General Mills by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock worth $539,908,000 after acquiring an additional 659,156 shares during the period. Morgan Stanley increased its holdings in General Mills by 29.4% during the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after acquiring an additional 1,603,577 shares during the period. Geode Capital Management LLC increased its holdings in General Mills by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after acquiring an additional 295,119 shares during the period. Finally, Schroder Investment Management Group increased its holdings in General Mills by 17.0% during the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock worth $268,283,000 after acquiring an additional 660,726 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Mills, Inc. (NYSE:GIS) opened at $51.34 on Monday. General Mills, Inc. has a 12 month low of $50.12 and a 12 month high of $64.06. The stock has a market cap of $29,178.50, a price-to-earnings ratio of 17.06, a PEG ratio of 1.91 and a beta of 0.63. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the company posted $0.78 EPS. General Mills’s revenue for the quarter was down 3.6% on a year-over-year basis. analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.82%. General Mills’s dividend payout ratio (DPR) is 70.25%.
GIS has been the topic of a number of analyst reports. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies set a $56.00 target price on shares of General Mills and gave the stock a “sell” rating in a report on Monday, August 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and a consensus price target of $56.60.
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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