Huntington National Bank trimmed its position in General Mills, Inc. (NYSE:GIS) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,661 shares of the company’s stock after selling 259 shares during the quarter. Huntington National Bank’s holdings in General Mills were worth $3,249,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Ellevest Inc. bought a new stake in General Mills in the 2nd quarter valued at about $28,000. Capital International Ltd. CA bought a new stake in General Mills in the 2nd quarter valued at about $30,000. KCS Wealth Advisory bought a new stake in General Mills in the 3rd quarter valued at about $36,000. Quest Capital Management Inc. ADV bought a new stake in General Mills in the 3rd quarter valued at about $37,000. Finally, Venturi Wealth Management LLC bought a new stake in General Mills in the 3rd quarter valued at about $41,000. 69.56% of the stock is owned by institutional investors and hedge funds.
Shares of GIS opened at $53.85 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.37 and a current ratio of 0.61. The stock has a 50 day moving average price of $52.83 and a two-hundred day moving average price of $53.25. The firm has a market capitalization of $32.49 billion, a P/E ratio of 15.80, a P/E/G ratio of 2.26 and a beta of 0.72. General Mills, Inc. has a 52 week low of $42.80 and a 52 week high of $56.40.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. General Mills had a return on equity of 27.33% and a net margin of 12.62%. The company’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 EPS. On average, equities analysts forecast that General Mills, Inc. will post 3.39 earnings per share for the current year.
The business also recently disclosed 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 yield of 3.64%. The ex-dividend date is Thursday, January 9th. General Mills’s dividend payout ratio is currently 60.87%.
A number of analysts recently commented on the company. Evercore ISI assumed coverage on General Mills in a research report on Friday, December 20th. They issued a “hold” rating and a $56.00 target price for the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $57.00 target price on shares of General Mills in a research report on Wednesday, December 18th. Deutsche Bank assumed coverage on General Mills in a research report on Wednesday, December 11th. They issued a “buy” rating and a $61.00 target price for the company. UBS Group boosted their target price on General Mills from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets boosted their target price on General Mills from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.50.
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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