Janus Henderson Group PLC Sells 212,535 Shares of General Mills, Inc. (GIS)

Janus Henderson Group PLC lowered its stake in General Mills, Inc. (NYSE:GIS) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,398,777 shares of the company’s stock after selling 212,535 shares during the quarter. Janus Henderson Group PLC owned about 0.42% of General Mills worth $124,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lenox Wealth Advisors Inc. raised its stake in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC grew its position in shares of General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after purchasing an additional 1,647 shares in the last quarter. Grove Bank & Trust grew its position in shares of General Mills by 322.7% during the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after purchasing an additional 1,878 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Spectrum Management Group Inc. purchased a new stake in shares of General Mills during the third quarter worth about $135,000. 72.62% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on GIS. Edward Jones reiterated a “hold” rating on shares of General Mills in a research report on Wednesday. Susquehanna Bancshares set a $60.00 target price on General Mills and gave the stock a “hold” rating in a research report on Tuesday. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research report on Friday. Wells Fargo & Company set a $65.00 target price on General Mills and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.52.

General Mills, Inc. (GIS) opened at $60.13 on Friday. The firm has a market capitalization of $33,875.18, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.47 and a current ratio of 0.81. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.73.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. equities research analysts expect that General Mills, Inc. will post 3.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, January 9th. General Mills’s dividend payout ratio is presently 71.79%.

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General Mills 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.

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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