Navellier & Associates Inc increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 24,404 shares of the company’s stock after purchasing an additional 839 shares during the period. Navellier & Associates Inc’s holdings in General Mills were worth $1,352,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RNC Capital Management LLC lifted its holdings in General Mills by 13,385.6% during the 2nd quarter. RNC Capital Management LLC now owns 558,709 shares of the company’s stock worth $30,952,000 after purchasing an additional 554,566 shares in the last quarter. WFG Advisors LP lifted its holdings in General Mills by 6.5% during the 2nd quarter. WFG Advisors LP now owns 33,811 shares of the company’s stock worth $1,873,000 after purchasing an additional 2,060 shares in the last quarter. Toronto Dominion Bank lifted its holdings in General Mills by 24.6% during the 2nd quarter. Toronto Dominion Bank now owns 195,309 shares of the company’s stock worth $10,818,000 after purchasing an additional 38,575 shares in the last quarter. Advisory Services Network LLC lifted its holdings in General Mills by 119.6% during the 2nd quarter. Advisory Services Network LLC now owns 6,655 shares of the company’s stock worth $369,000 after purchasing an additional 3,624 shares in the last quarter. Finally, Beaton Management Co. Inc. purchased a new stake in General Mills during the 2nd quarter worth about $706,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.
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General Mills, Inc. (NYSE:GIS) opened at $53.67 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $29,854.82, a PE ratio of 17.45, a PEG ratio of 1.96 and a beta of 0.63. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $64.06.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. sell-side analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, October 6th. General Mills’s dividend payout ratio is presently 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.
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