General Mills, Inc. (NYSE:GIS) Shares Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC lifted its stake in General Mills, Inc. (NYSE:GISFree Report) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,506 shares of the company’s stock after purchasing an additional 662 shares during the period. Verus Capital Partners LLC’s holdings in General Mills were worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cibc World Market Inc. raised its position in General Mills by 4.8% during the first quarter. Cibc World Market Inc. now owns 22,026 shares of the company’s stock worth $1,492,000 after acquiring an additional 1,003 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in General Mills by 45.3% during the first quarter. Sequoia Financial Advisors LLC now owns 5,867 shares of the company’s stock worth $397,000 after acquiring an additional 1,828 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in General Mills by 2.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 73,176 shares of the company’s stock worth $4,955,000 after acquiring an additional 1,503 shares during the last quarter. Baird Financial Group Inc. raised its position in General Mills by 2.3% during the first quarter. Baird Financial Group Inc. now owns 279,604 shares of the company’s stock worth $18,935,000 after acquiring an additional 6,176 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of General Mills by 15.3% in the first quarter. Covestor Ltd now owns 1,834 shares of the company’s stock valued at $124,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.

General Mills Price Performance

GIS opened at $63.09 on Thursday. The company has a fifty day simple moving average of $64.87 and a 200 day simple moving average of $67.33. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.20 and a beta of 0.21. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The company has a current ratio of 0.64, a quick ratio of 0.36 and a debt-to-equity ratio of 1.09.

General Mills (NYSE:GISGet Free Report) last posted its quarterly earnings data on Wednesday, December 20th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. General Mills had a net margin of 12.06% and a return on equity of 25.44%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that General Mills, Inc. will post 4.48 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.74%. General Mills’s payout ratio is currently 57.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Evercore ISI cut their price objective on shares of General Mills from $75.00 to $72.00 and set an “in-line” rating for the company in a research report on Monday, December 11th. Stifel Nicolaus cut their price objective on shares of General Mills from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, December 21st. The Goldman Sachs Group cut their price objective on shares of General Mills from $70.00 to $61.00 and set a “sell” rating for the company in a research report on Wednesday, September 20th. StockNews.com assumed coverage on shares of General Mills in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Morgan Stanley dropped their price target on shares of General Mills from $72.00 to $58.00 and set an “underweight” rating for the company in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $73.00.

View Our Latest Analysis on General Mills

About General Mills

(Free Report)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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