Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in General Mills, Inc. (NYSE:GIS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,933 shares of the company’s stock after selling 41,692 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in General Mills were worth $9,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ellevest Inc. bought a new position in General Mills during the second quarter valued at $28,000. KCS Wealth Advisory bought a new position in General Mills during the third quarter valued at $36,000. Quest Capital Management Inc. ADV bought a new position in General Mills during the third quarter valued at $37,000. Venturi Wealth Management LLC bought a new position in General Mills during the third quarter valued at $41,000. Finally, Vista Private Wealth Partners. LLC bought a new position in General Mills during the third quarter valued at $45,000. Institutional investors own 69.57% of the company’s stock.

Several equities analysts have commented on the stock. Deutsche Bank assumed coverage on shares of General Mills in a research report on Wednesday, December 11th. They set a “buy” rating and a $61.00 price objective for the company. BMO Capital Markets increased their price objective on shares of General Mills from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Evercore ISI assumed coverage on shares of General Mills in a research report on Friday, December 20th. They set a “hold” rating and a $56.00 price objective for the company. ValuEngine upgraded shares of General Mills from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $57.00 price objective on shares of General Mills in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.61.

General Mills stock opened at $54.24 on Friday. The firm has a 50-day moving average price of $52.90 and a 200-day moving average price of $53.26. The firm has a market capitalization of $32.65 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 1.37. General Mills, Inc. has a 12-month low of $42.80 and a 12-month high of $56.40.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. General Mills had a net margin of 12.62% and a return on equity of 27.33%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the business earned $0.85 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that General Mills, Inc. will post 3.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.61%. General Mills’s payout ratio is 60.87%.

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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