Hennessy Advisors Inc. cut its position in General Mills, Inc. (NYSE:GIS) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,200 shares of the company’s stock after selling 4,900 shares during the quarter. Hennessy Advisors Inc.’s holdings in General Mills were worth $5,635,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Ellevest Inc. bought a new position in shares of General Mills during the second quarter worth about $28,000. Capital International Ltd. CA bought a new position in shares of General Mills during the second quarter worth about $30,000. KCS Wealth Advisory bought a new position in shares of General Mills during the third quarter worth about $36,000. Quest Capital Management Inc. ADV bought a new position in shares of General Mills during the third quarter worth about $37,000. Finally, Venturi Wealth Management LLC bought a new position in shares of General Mills during the third quarter worth about $41,000. Hedge funds and other institutional investors own 69.56% of the company’s stock.
Shares of GIS stock opened at $53.00 on Wednesday. The company has a market cap of $32.06 billion, a P/E ratio of 16.46, a PEG ratio of 2.20 and a beta of 0.72. The stock has a 50 day simple moving average of $52.82 and a two-hundred day simple moving average of $53.24. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.37 and a current ratio of 0.61. General Mills, Inc. has a fifty-two week low of $41.46 and a fifty-two week high of $56.40.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. General Mills had a return on equity of 27.33% and a net margin of 12.62%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, research analysts predict that General Mills, Inc. will post 3.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.70%. General Mills’s dividend payout ratio (DPR) is presently 60.87%.
A number of equities analysts have recently issued reports on GIS shares. Royal Bank of Canada restated a “hold” rating and set a $57.00 price objective on shares of General Mills in a research report on Wednesday, December 18th. BMO Capital Markets raised their price objective on General Mills from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. ValuEngine downgraded General Mills from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 26th. Barclays restated a “hold” rating and set a $55.00 price objective on shares of General Mills in a research report on Friday, September 20th. Finally, Deutsche Bank started coverage on General Mills in a research report on Wednesday, December 11th. They set a “buy” rating and a $61.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. General Mills has an average rating of “Hold” and an average price target of $55.50.
General Mills Company 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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