Point72 Hong Kong Ltd Buys New Position in General Mills, Inc. (GIS)

Point72 Hong Kong Ltd bought a new position in General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,638 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in General Mills during the second quarter valued at about $115,000. CSat Investment Advisory L.P. bought a new position in General Mills during the second quarter valued at about $118,000. Kiley Juergens Wealth Management LLC grew its position in General Mills by 108.2% during the third quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock valued at $129,000 after buying an additional 1,568 shares during the period. ELM Advisors LLC bought a new position in General Mills during the third quarter valued at about $137,000. Finally, Selective Wealth Management bought a new position in General Mills during the third quarter valued at about $139,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. UBS Group set a $46.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, September 19th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday, September 17th. They set an “equal weight” rating and a $48.00 price target for the company. Credit Suisse Group set a $46.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Thursday, September 13th. Finally, ValuEngine upgraded shares of General Mills from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.71.

NYSE GIS opened at $37.38 on Friday. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. General Mills, Inc. has a 52 week low of $37.22 and a 52 week high of $60.69. The company has a current ratio of 0.58, a quick ratio of 0.35 and a debt-to-equity ratio of 1.93.

General Mills (NYSE:GIS) last released its quarterly earnings data on Tuesday, September 18th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.12 billion. General Mills had a net margin of 13.19% and a return on equity of 31.84%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.24%. The ex-dividend date is Wednesday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 63.02%.

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

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