Cullen Frost Bankers Inc. Purchases 18,504 Shares of General Mills, Inc. (NYSE:GIS)

Cullen Frost Bankers Inc. increased its position in shares of General Mills, Inc. (NYSE:GIS) by 49.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,610 shares of the company’s stock after buying an additional 18,504 shares during the period. Cullen Frost Bankers Inc.’s holdings in General Mills were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Crossmark Global Holdings Inc. boosted its stake in General Mills by 1.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 166,074 shares of the company’s stock valued at $8,895,000 after buying an additional 2,108 shares in the last quarter. Biondo Investment Advisors LLC boosted its stake in General Mills by 0.5% in the 4th quarter. Biondo Investment Advisors LLC now owns 75,699 shares of the company’s stock valued at $4,054,000 after buying an additional 385 shares in the last quarter. Steel Peak Wealth Management LLC acquired a new stake in General Mills in the 4th quarter valued at $212,000. Teacher Retirement System of Texas boosted its stake in General Mills by 34.0% in the 4th quarter. Teacher Retirement System of Texas now owns 431,600 shares of the company’s stock valued at $23,116,000 after buying an additional 109,619 shares in the last quarter. Finally, ICW Investment Advisors LLC acquired a new stake in General Mills in the 4th quarter valued at $1,105,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

General Mills stock opened at $53.31 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 firm has a market cap of $32.05 billion, a P/E ratio of 15.59, a P/E/G ratio of 2.23 and a beta of 0.73. The business’s fifty day moving average is $52.89 and its two-hundred day moving average is $53.20. General Mills, Inc. has a 52 week low of $44.13 and a 52 week high of $56.40.

General Mills (NYSE:GIS) last posted 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 company had revenue of $4.42 billion for 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 business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts predict that General Mills, Inc. will post 3.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, April 8th. General Mills’s dividend payout ratio (DPR) is presently 60.87%.

GIS has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $57.00 price target on shares of General Mills in a research note on Wednesday, December 18th. Deutsche Bank initiated coverage on General Mills in a research note on Wednesday, December 11th. They issued a “buy” rating and a $61.00 price target on the stock. ValuEngine raised General Mills from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 21st. UBS Group boosted their price target on General Mills from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Evercore ISI assumed coverage on General Mills in a research note on Friday, December 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $55.61.

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

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