Trade Report: The General Mills Inc. (GIS) Stake Boosted by Creative Planning

The General Mills Inc. (GIS) Stake Boosted by Creative Planning

Creative Planning boosted its position in General Mills Inc. (NYSE:GIS) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,197 shares of the company’s stock after buying an additional 6,683 shares during the period. Creative Planning’s holdings in General Mills were worth $3,909,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of General Mills by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,023,137 shares of the company’s stock worth $72,970,000 after buying an additional 4,378 shares during the period. GaveKal Capital LLC increased its stake in shares of General Mills by 5.0% in the second quarter. GaveKal Capital LLC now owns 273,177 shares of the company’s stock worth $19,483,000 after buying an additional 12,990 shares during the period. Aviance Capital Management LLC increased its stake in shares of General Mills by 36.6% in the second quarter. Aviance Capital Management LLC now owns 197,419 shares of the company’s stock worth $14,080,000 after buying an additional 52,915 shares during the period. Sabal Trust CO increased its stake in shares of General Mills by 1.4% in the second quarter. Sabal Trust CO now owns 367,084 shares of the company’s stock worth $26,180,000 after buying an additional 5,071 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of General Mills by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 38,603 shares of the company’s stock worth $2,752,000 after buying an additional 591 shares during the period. 69.46% of the stock is owned by institutional investors.

Shares of General Mills Inc. (NYSE:GIS) traded up 1.33% during trading on Friday, reaching $62.30. 1,069,482 shares of the company’s stock traded hands. General Mills Inc. has a 52-week low of $53.53 and a 52-week high of $72.95. The company has a market cap of $36.84 billion, a price-to-earnings ratio of 22.65 and a beta of 0.55. The company’s 50-day moving average is $61.61 and its 200 day moving average is $66.08.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 21st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. General Mills had a net margin of 10.33% and a return on equity of 33.82%. The company earned $3.91 billion during the quarter. During the same quarter last year, the business posted $0.79 earnings per share. General Mills’s revenue was down 7.3% compared to the same quarter last year. Equities analysts forecast that General Mills Inc. will post $3.10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.08%. General Mills’s dividend payout ratio (DPR) is currently 69.82%.

GIS has been the subject of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “hold” rating and set a $74.00 price target on shares of General Mills in a report on Thursday, September 8th. S&P Equity Research reaffirmed a “buy” rating and set a $70.00 price target on shares of General Mills in a report on Tuesday, September 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $74.00 price target on shares of General Mills in a report on Thursday, September 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $67.00 price target on shares of General Mills in a report on Wednesday, September 14th. Finally, Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average price target of $67.56.

General Mills Company 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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