Dynamic Advisors Solutions LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 26.2% during the fourth quarter, HoldingsChannel reports. The firm owned 12,567 shares of the company’s stock after selling 4,464 shares during the quarter. Dynamic Advisors Solutions LLC’s holdings in General Mills were worth $745,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GIS. Cable Hill Partners LLC boosted its position in shares of General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after purchasing an additional 1,647 shares in the last quarter. Grove Bank & Trust boosted its position in shares of General Mills by 322.7% during the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after purchasing an additional 1,878 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after purchasing an additional 1,459 shares in the last quarter. Spectrum Management Group Inc. bought a new position in shares of General Mills during the third quarter worth $135,000. Finally, Americafirst Capital Management LLC bought a new position in shares of General Mills during the second quarter worth $158,000. 72.89% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the stock. BMO Capital Markets reaffirmed a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Susquehanna Bancshares set a $61.00 price objective on shares of General Mills and gave the company a “hold” rating in a research report on Friday, January 5th. Edward Jones reiterated a “hold” rating on shares of General Mills in a research note on Wednesday, December 20th. Credit Suisse Group set a $60.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Thursday, December 21st. Finally, Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.11.
In other news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
General Mills, Inc. (NYSE GIS) opened at $56.43 on Tuesday. The firm has a market cap of $32,111.14, a PE ratio of 18.94, a PEG ratio of 2.48 and a beta of 0.61. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $61.59. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. General Mills’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. research analysts predict that General Mills, Inc. will post 3.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.47%. General Mills’s dividend payout ratio is presently 71.79%.
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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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