General Mills, Inc. (GIS) Shares Bought by Sky Investment Group LLC

Sky Investment Group LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 80,718 shares of the company’s stock after acquiring an additional 1,041 shares during the period. General Mills makes up 1.7% of Sky Investment Group LLC’s investment portfolio, making the stock its 25th biggest position. Sky Investment Group LLC’s holdings in General Mills were worth $4,178,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL lifted its stake in General Mills by 40.4% in the first quarter. Blair William & Co. IL now owns 124,927 shares of the company’s stock worth $7,504,000 after purchasing an additional 35,928 shares during the last quarter. American International Group Inc. lifted its stake in General Mills by 1.9% in the first quarter. American International Group Inc. now owns 483,094 shares of the company’s stock worth $28,507,000 after purchasing an additional 9,015 shares during the last quarter. JNBA Financial Advisors lifted its stake in General Mills by 4.0% in the first quarter. JNBA Financial Advisors now owns 6,785 shares of the company’s stock worth $400,000 after purchasing an additional 258 shares during the last quarter. Cibc World Markets Corp lifted its stake in General Mills by 188.4% in the first quarter. Cibc World Markets Corp now owns 180,572 shares of the company’s stock worth $10,656,000 after purchasing an additional 117,960 shares during the last quarter. Finally, Vaughan David Investments Inc. IL lifted its stake in General Mills by 0.9% in the first quarter. Vaughan David Investments Inc. IL now owns 363,023 shares of the company’s stock worth $21,422,000 after purchasing an additional 3,325 shares during the last quarter. 71.32% of the stock is owned by institutional investors.

GIS has been the subject of several recent research reports. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Friday, September 15th. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Citigroup Inc. reissued a “buy” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price target (down from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Susquehanna Bancshares Inc reissued a “hold” rating and issued a $58.00 price target on shares of General Mills in a research note on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.60.

General Mills, Inc. (GIS) opened at $53.65 on Thursday. 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 stock has a market cap of $30,417.48, a PE ratio of 17.78, a P/E/G ratio of 2.00 and a beta of 0.63.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. General Mills’s quarterly revenue was down 3.6% compared to the same quarter last year. research analysts forecast that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, October 6th. General Mills’s dividend payout ratio is currently 70.25%.

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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.

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

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