OLD National Bancorp IN increased its position in General Mills, Inc. (NYSE:GIS) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,287 shares of the company’s stock after buying an additional 725 shares during the quarter. OLD National Bancorp IN’s holdings in General Mills were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in GIS. Ellevest Inc. acquired a new position in shares of General Mills in the second quarter valued at approximately $28,000. Capital International Ltd. CA acquired a new position in shares of General Mills in the second quarter valued at approximately $30,000. KCS Wealth Advisory acquired a new position in shares of General Mills in the third quarter valued at approximately $36,000. Quest Capital Management Inc. ADV acquired a new position in shares of General Mills in the third quarter valued at approximately $37,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of General Mills in the third quarter valued at approximately $41,000. 69.56% of the stock is owned by institutional investors.
GIS has been the subject of several recent research reports. Deutsche Bank initiated coverage on General Mills in a research note on Wednesday, December 11th. They issued a “buy” rating and a $61.00 price objective for the company. UBS Group increased 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. Evercore ISI initiated coverage on shares of General Mills in a research report on Friday, December 20th. They set a “hold” rating and a $56.00 target price for the company. BMO Capital Markets increased their target price 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. Finally, Stifel Nicolaus increased their target price on shares of General Mills from $52.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $55.50.
NYSE:GIS opened at $53.72 on Friday. The company has a market capitalization of $32.28 billion, a PE ratio of 16.68, a P/E/G ratio of 2.23 and a beta of 0.72. The company has a 50 day simple moving average of $52.83 and a two-hundred day simple moving average of $53.25. 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 $42.20 and a fifty-two week 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 for the quarter, beating analysts’ consensus estimates 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 net margin of 12.62% and a return on equity of 27.33%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Research analysts predict that General Mills, Inc. will post 3.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Thursday, January 9th. 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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