Rodgers Brothers Inc. raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 86,931 shares of the company’s stock after purchasing an additional 2,108 shares during the quarter. General Mills accounts for about 1.7% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 14th biggest position. Rodgers Brothers Inc.’s holdings in General Mills were worth $5,154,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of GIS. American International Group Inc. boosted its position in shares of General Mills by 1,708.4% during the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after acquiring an additional 8,528,534 shares in the last quarter. Stifel Financial Corp boosted its position in shares of General Mills by 28,570.2% during the 3rd quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock valued at $86,610,000 after acquiring an additional 1,665,641 shares in the last quarter. American Century Companies Inc. boosted its position in shares of General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after acquiring an additional 1,550,074 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of General Mills by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,499,301 shares of the company’s stock valued at $503,923,000 after acquiring an additional 1,009,126 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of General Mills during the 4th quarter valued at about $50,956,000. Institutional investors own 74.34% of the company’s stock.
In other news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on 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 $2,143,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.
General Mills, Inc. (NYSE:GIS) opened at $52.00 on Wednesday. The company has a market cap of $29,573.21, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.15 and a beta of 0.72. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $61.34. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business earned $0.85 earnings per share. General Mills’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts predict that General Mills, Inc. will post 3.17 EPS for the current year.
General Mills declared that its Board of Directors has initiated a share buyback program on Friday, February 23rd that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
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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