Bogart Wealth LLC grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 29.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,523 shares of the company’s stock after buying an additional 1,699 shares during the period. Bogart Wealth LLC’s holdings in General Mills were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares in the last quarter. Boston Advisors LLC raised its holdings in General Mills by 1.8% during the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock worth $1,156,000 after purchasing an additional 375 shares in the last quarter. Bfsg LLC bought a new stake in General Mills during the first quarter worth approximately $2,843,000. LVW Advisors LLC bought a new stake in General Mills during the second quarter worth approximately $2,515,000. Finally, PVG Asset Management Corp bought a new stake in General Mills during the first quarter worth approximately $6,352,000. 69.88% of the stock is currently owned by institutional investors.
General Mills, Inc. (NYSE GIS) opened at $53.72 on Friday. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The firm has a market cap of $30,500.00, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.02 and a beta of 0.63.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. equities analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s payout ratio is 70.25%.
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GIS has been the topic of several recent analyst reports. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group LLC initiated coverage on General Mills in a report on Friday, October 20th. They set a “hold” rating and a $56.00 target price on the stock. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Consumer Edge raised General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $52.00 target price (down previously from $55.00) on shares of General Mills in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price 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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