Security National Bank of Sioux City Iowa IA boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,758 shares of the company’s stock after purchasing an additional 462 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in General Mills were worth $1,040,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Lenox Wealth Management Inc. grew its holdings in shares of General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares during the period. Lenox Wealth Advisors Inc. grew its holdings 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 during the period. LLBH Private Wealth Management LLC grew its holdings in shares of General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares during the period. Davis R M Inc. grew its holdings in shares of General Mills by 0.8% during the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after acquiring an additional 34 shares during the period. Finally, Hanson McClain Inc. grew its holdings 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 during the period. Institutional investors own 69.88% of the company’s stock.
A number of research analysts have weighed in on GIS shares. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. BMO Capital Markets reiterated a “market perform” rating and set a $57.00 target price (down previously from $60.00) on shares of General Mills in a report on Thursday, September 21st. Piper Jaffray Companies reiterated a “sell” rating and set a $53.00 target price on shares of General Mills in a report on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $53.00 target price on shares of General Mills in a report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. General Mills currently has an average rating of “Hold” and a consensus price target of C$56.60.
General Mills, Inc. (NYSE:GIS) opened at C$53.28 on Monday. The stock has a market capitalization of $30,281.07, a P/E ratio of 17.70, a P/E/G ratio of 1.99 and a beta of 0.63. General Mills, Inc. has a 12-month low of C$49.65 and a 12-month high of C$64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.05). The business had revenue of C$3.77 billion during the quarter, compared to the consensus estimate of C$3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. equities analysts anticipate 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. Investors of record on Tuesday, October 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 3.68%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
About General Mills
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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