Kings Point Capital Management Has $166,000 Holdings in General Mills, Inc. (GIS)

Kings Point Capital Management maintained its position in shares of General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the company’s stock at the end of the 2nd quarter. Kings Point Capital Management’s holdings in General Mills were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. boosted its stake in shares of General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after acquiring an additional 69 shares in the last quarter. Hanson McClain Inc. boosted its stake in shares of General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after acquiring an additional 35 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after acquiring an additional 627 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of General Mills by 11.2% during the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after acquiring an additional 253 shares in the last quarter. 70.45% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have recently weighed in on GIS shares. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Friday, September 15th. Wells Fargo & Company reduced their price objective on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research note on Friday, September 22nd. Finally, Stifel Nicolaus reduced their price objective on General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.75.

Shares of General Mills, Inc. (NYSE GIS) opened at 50.87 on Thursday. The firm has a market cap of $28.91 billion, a PE ratio of 18.23 and a beta of 0.61. General Mills, Inc. has a 52-week low of $50.12 and a 52-week high of $64.06. The company’s 50-day moving average price is $53.47 and its 200-day moving average price is $55.79.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 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 firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $0.78 EPS. General Mills’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post $3.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio is currently 70.25%.

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.

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

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