General Mills, Inc. (NYSE:GIS) is expected to pay $0.48 on Nov 1, 2016. The indicated annual dividend is $1.92. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on General Mills, Inc.’s current price of $63.88, the dividend is 0.75%. This dividend’s record date is Oct 10, 2016 and the announcement date is Sep 28, 2016. The stock closed at $63.88 during the last session. It is down 7.60% since March 1, 2016 and is uptrending. It has underperformed by 1.65% the S&P500.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $37.91 billion. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has a 23.24 P/E ratio. The Firm has three divisions: U.S.
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.17, from 1.14 in 2016Q1. The ratio worsened, as 43 funds sold all General Mills, Inc. shares owned while 405 reduced positions. 80 funds bought stakes while 353 increased positions. They now own 408.16 million shares or 3.12% less from 421.30 million shares in 2016Q1.
First Mercantile Tru has 1,300 shares for 0.01% of their US portfolio. Johnson Investment Counsel last reported 15,635 shares in the company. Blb&B Advisors Limited Liability Company has 8,114 shares for 0.11% of their US portfolio. Berkshire Asset Ltd Liability Co Pa holds 3.21% of its portfolio in General Mills, Inc. (NYSE:GIS) for 295,877 shares. Bessemer Grp accumulated 0.01% or 18,250 shares. The Japan-based Norinchukin National Bank The has invested 0.08% in General Mills, Inc. (NYSE:GIS). Deroy And Devereaux Private Counsel has 0.04% invested in the company for 3,800 shares. Mutual Of Omaha Natl Bank Wealth has 16,581 shares for 0.29% of their US portfolio. Ashfield Capital Partners holds 0.2% of its portfolio in General Mills, Inc. (NYSE:GIS) for 35,726 shares. Jacobus Wealth Management holds 0.13% or 6,200 shares in its portfolio. Ahl Prns Llp has 0.5% invested in the company for 130,609 shares. Amg National Trust National Bank & Trust owns 11,016 shares or 0.07% of their US portfolio. Carret Asset Limited Liability has 6,793 shares for 0.09% of their US portfolio. Moreover, Bnp Paribas Invest Prns has 0.13% invested in General Mills, Inc. (NYSE:GIS) for 210,043 shares. The Colorado-based Employees Retirement Association Of Colorado has invested 0.07% in General Mills, Inc. (NYSE:GIS).
Insider Transactions: Since April 5, 2016, the stock had 0 insider buys, and 9 selling transactions for $24.27 million net activity. HARMENING JEFFREY L sold $2.36M worth of stock. ROSE MICHAEL D sold $711,149 worth of General Mills, Inc. (NYSE:GIS) on Thursday, August 18. Mulligan Donal L had sold 45,968 shares worth $2.96 million on Thursday, May 12. Church John R also sold $7.07M worth of General Mills, Inc. (NYSE:GIS) on Friday, August 12. 10,280 shares were sold by TERRELL DOROTHY A, worth $663,121. The insider Young Jerald A sold 27,890 shares worth $2.01 million. $1.43M worth of shares were sold by Danos Paul on Thursday, June 30.
General Mills, Inc. (NYSE:GIS) Ratings Coverage
Out of 11 analysts covering General Mills Inc. (NYSE:GIS), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. General Mills Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of General Mills, Inc. (NYSE:GIS) has “Outperform” rating given on Thursday, June 30 by RBC Capital Markets. The stock of General Mills, Inc. (NYSE:GIS) earned “Hold” rating by Zacks on Friday, August 28. Citigroup maintained it with “Buy” rating and $72 target price in Monday, April 11 report. Goldman Sachs maintained it with “Neutral” rating and $59 target price in Thursday, March 24 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 24. The stock has “Outperform” rating given by RBC Capital Markets on Monday, December 7. Goldman Sachs downgraded General Mills, Inc. (NYSE:GIS) on Tuesday, May 24 to “Sell” rating. UBS initiated General Mills, Inc. (NYSE:GIS) on Wednesday, February 24 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, December 1 by Goldman Sachs. As per Friday, June 17, the company rating was maintained by RBC Capital Markets.
More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Cnbc.com which released: “General Mills sales fall for fifth straight quarter” on September 21, 2016, also Seekingalpha.com with their article: “General Mills Whiffs Again” published on September 29, 2016, Wsj.com published: “General Mills Looks to Stir Up Yogurt Sales” on September 17, 2016. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Investorplace.com and their article: “Why Advanced Micro Devices, Inc. (AMD), General Mills, Inc. (GIS) and Kroger …” published on September 07, 2016 as well as Blogs.Wsj.com‘s news article titled: “Stocks to Watch: CarMax, General Mills, Adobe Systems” with publication date: September 21, 2016.
GIS Company Profile
General Mills, Inc., incorporated on June 20, 1928, is a maker and marketer of branded consumer foods sold through retail stores. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Firm has three divisions: U.S. Retail, International, and Convenience Stores and Foodservice. The Firm offers a range of food products with a focus on categories, including ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Company’s other product categories include baking mixes and ingredients, and refrigerated and frozen dough. The Company’s products are marketed under various brands, which include Annie’s, Betty Crocker, Bisquick, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Haagen-Dazs, Helpers, Jeno’s, Jus-Rol, Kitano, Kix, La Saltena, Larabar, Latina, Liberte, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Yoki and Yoplait.
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