Northern Oak Wealth Management Inc. lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 35,646.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,073 shares of the company’s stock after purchasing an additional 79,849 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in General Mills were worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of General Mills during the 2nd quarter valued at approximately $115,000. CSat Investment Advisory L.P. bought a new stake in shares of General Mills during the 2nd quarter valued at approximately $118,000. Kiley Juergens Wealth Management LLC grew its holdings in shares of General Mills by 108.2% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock valued at $129,000 after purchasing an additional 1,568 shares during the last quarter. ELM Advisors LLC bought a new stake in shares of General Mills during the 3rd quarter valued at approximately $137,000. Finally, Selective Wealth Management bought a new stake in shares of General Mills during the 3rd quarter valued at approximately $139,000. 68.57% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $52.00 target price on shares of General Mills in a report on Monday, September 17th. Morgan Stanley assumed coverage on shares of General Mills in a report on Monday, September 17th. They set an “equal weight” rating and a $48.00 target price on the stock. Credit Suisse Group set a $46.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Thursday, September 13th. UBS Group set a $46.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Wednesday, September 19th. Finally, Piper Jaffray Companies set a $47.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. General Mills currently has a consensus rating of “Hold” and a consensus price target of $47.37.
NYSE:GIS traded up $0.61 on Tuesday, reaching $41.09. 6,608,854 shares of the company’s stock were exchanged, compared to its average volume of 6,253,591. The company has a quick ratio of 0.36, a current ratio of 0.58 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $23.76 billion, a PE ratio of 13.21, a P/E/G ratio of 1.78 and a beta of 0.64. General Mills, Inc. has a 52 week low of $36.42 and a 52 week high of $60.69.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 19th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. General Mills had a net margin of 12.48% and a return on equity of 29.44%. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter last year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts anticipate that General Mills, Inc. will post 3.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend is Wednesday, January 9th. General Mills’s dividend payout ratio is currently 63.02%.
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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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