General Mills, Inc. (GIS) Holdings Increased by Diligent Investors LLC

Diligent Investors LLC boosted its position in General Mills, Inc. (NYSE:GIS) by 38.1% during the 4th quarter, HoldingsChannel reports. The firm owned 14,878 shares of the company’s stock after purchasing an additional 4,103 shares during the quarter. Diligent Investors LLC’s holdings in General Mills were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in shares of General Mills by 1.2% during the 2nd quarter. Northern Trust Corp now owns 8,330,777 shares of the company’s stock valued at $368,719,000 after purchasing an additional 96,628 shares during the last quarter. Capital World Investors grew its holdings in shares of General Mills by 6.8% during the 3rd quarter. Capital World Investors now owns 7,874,419 shares of the company’s stock valued at $337,970,000 after purchasing an additional 499,519 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of General Mills by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,644,795 shares of the company’s stock valued at $338,359,000 after purchasing an additional 46,939 shares during the last quarter. Morgan Stanley grew its holdings in shares of General Mills by 6.6% during the 3rd quarter. Morgan Stanley now owns 5,688,684 shares of the company’s stock valued at $244,156,000 after purchasing an additional 354,443 shares during the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of General Mills by 6.8% during the 3rd quarter. Federated Investors Inc. PA now owns 5,556,622 shares of the company’s stock valued at $238,491,000 after purchasing an additional 353,392 shares during the last quarter. Institutional investors and hedge funds own 68.56% of the company’s stock.

NYSE:GIS opened at $42.97 on Friday. General Mills, Inc. has a 12 month low of $36.42 and a 12 month high of $60.69. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.58 and a quick ratio of 0.36. The stock has a market capitalization of $25.22 billion, a PE ratio of 13.82, a P/E/G ratio of 1.89 and a beta of 0.64.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 19th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. General Mills had a net margin of 12.48% and a return on equity of 29.44%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period last year, the company posted $0.82 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts forecast that General Mills, Inc. will post 3.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 4.56%. General Mills’s dividend payout ratio is 63.02%.

Several research firms recently commented on GIS. Morgan Stanley set a $41.00 target price on shares of General Mills and gave the company a “hold” rating in a report on Sunday, December 30th. Standpoint Research began coverage on shares of General Mills in a report on Wednesday, December 26th. They set a “buy” rating and a $37.59 target price on the stock. Jefferies Financial Group set a $55.00 target price on shares of General Mills and gave the company a “buy gis” rating in a report on Monday, December 24th. Wells Fargo & Co set a $46.00 target price on shares of General Mills and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, Barclays reaffirmed a “neutral” rating on shares of General Mills in a report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.37.

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About General Mills

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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