Mn Services Vermogensbeheer B.V. increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,165 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in General Mills were worth $4,084,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. WINTON GROUP Ltd raised its holdings in shares of General Mills by 2,424.5% during the third quarter. WINTON GROUP Ltd now owns 208,547 shares of the company’s stock worth $8,951,000 after acquiring an additional 200,286 shares during the period. Cadence Capital Management LLC increased its stake in General Mills by 72.3% in the 3rd quarter. Cadence Capital Management LLC now owns 176,027 shares of the company’s stock valued at $7,555,000 after buying an additional 73,838 shares during the last quarter. HL Financial Services LLC increased its stake in General Mills by 15.0% in the 3rd quarter. HL Financial Services LLC now owns 58,925 shares of the company’s stock valued at $2,529,000 after buying an additional 7,676 shares during the last quarter. Usca Ria LLC increased its stake in General Mills by 25.9% in the 3rd quarter. Usca Ria LLC now owns 62,142 shares of the company’s stock valued at $2,667,000 after buying an additional 12,790 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in General Mills by 9.8% in the 3rd quarter. Advisory Services Network LLC now owns 19,115 shares of the company’s stock valued at $820,000 after buying an additional 1,702 shares during the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.
Shares of GIS stock opened at $43.82 on Wednesday. The stock has a market cap of $25.14 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.77 and a beta of 0.60. The company has a quick ratio of 0.35, a current ratio of 0.58 and a debt-to-equity ratio of 1.93. General Mills, Inc. has a 52 week low of $41.01 and a 52 week high of $60.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.47%. General Mills’s dividend payout ratio is currently 63.02%.
Several brokerages have issued reports on GIS. Piper Jaffray Companies set a $45.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Thursday, July 12th. Sanford C. Bernstein reiterated a “sell” rating on shares of General Mills in a research note on Tuesday, July 10th. Credit Suisse Group set a $46.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Finally, ValuEngine upgraded shares of General Mills from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. General Mills currently has a consensus rating of “Hold” and an average price target of $50.29.
In other General Mills news, Director Maria Sastre acquired 1,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was purchased at an average price of $47.37 per share, with a total value of $47,370.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $47,370. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.
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General Mills Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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