Calamos Advisors LLC lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174,414 shares of the company’s stock after selling 3,044 shares during the quarter. Calamos Advisors LLC’s holdings in General Mills were worth $9,342,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of GIS. Ellevest Inc. purchased a new stake in General Mills during the second quarter valued at approximately $28,000. Capital International Ltd. CA purchased a new position in General Mills in the 2nd quarter worth about $30,000. KCS Wealth Advisory purchased a new position in shares of General Mills in the 3rd quarter worth approximately $36,000. Quest Capital Management Inc. ADV acquired a new stake in General Mills in the 3rd quarter worth approximately $37,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of General Mills during the 3rd quarter valued at about $41,000. Institutional investors own 69.56% of the company’s stock.
NYSE GIS opened at $53.72 on Friday. The business’s 50-day simple moving average is $52.83 and its 200-day simple moving average is $53.25. General Mills, Inc. has a 1-year low of $42.20 and a 1-year high of $56.40. The firm has a market capitalization of $32.28 billion, a P/E ratio of 16.68, a P/E/G ratio of 2.23 and a beta of 0.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.61 and a quick ratio of 0.37.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. General Mills had a return on equity of 27.33% and a net margin of 12.62%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that General Mills, Inc. will post 3.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.65%. General Mills’s dividend payout ratio (DPR) is 60.87%.
A number of research analysts have commented on the stock. UBS Group upped their target price on shares of General Mills from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. ValuEngine cut shares of General Mills from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 26th. BMO Capital Markets increased their price target on shares of General Mills from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Barclays restated a “hold” rating and set a $55.00 target price on shares of General Mills in a research note on Friday, September 20th. Finally, Evercore ISI started coverage on General Mills in a report on Friday, December 20th. They issued a “hold” rating and a $56.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $55.50.
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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