Peoples Financial Services CORP. Boosts Stake in General Mills, Inc. (GIS)
Peoples Financial Services CORP. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,300 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Peoples Financial Services CORP.’s holdings in General Mills were worth $1,206,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GIS. KBC Group NV grew its stake in shares of General Mills by 14.9% during the 1st quarter. KBC Group NV now owns 91,124 shares of the company’s stock worth $5,377,000 after acquiring an additional 11,811 shares during the period. USS Investment Management Ltd grew its stake in shares of General Mills by 6.7% during the 1st quarter. USS Investment Management Ltd now owns 91,773 shares of the company’s stock worth $5,415,000 after acquiring an additional 5,800 shares during the period. Symons Capital Management Inc. bought a new position in shares of General Mills during the 1st quarter worth $17,404,000. SG Americas Securities LLC grew its stake in shares of General Mills by 0.8% during the 1st quarter. SG Americas Securities LLC now owns 133,333 shares of the company’s stock worth $7,868,000 after acquiring an additional 1,114 shares during the period. Finally, Clinton Group Inc. bought a new position in shares of General Mills during the 1st quarter worth $6,997,000. Institutional investors own 69.88% of the company’s stock.
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Several research analysts have commented on the company. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $56.00 target price on General Mills and gave the stock a “sell” rating in a research note on Monday, August 7th. BMO Capital Markets restated a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $56.60.
Shares of General Mills, Inc. (NYSE:GIS) opened at $53.72 on Friday. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $64.06. The firm has a market capitalization of $30,531.17, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. equities research analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.65%. General Mills’s dividend payout ratio is 70.25%.
General Mills Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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