Welch Group LLC Increases Position in General Mills, Inc. (GIS)

Marco Green
July 6, 2017

The company's 5 year Earnings per share growth and Capital Spending growth remains at 3.35 and 0.25. The stock of General Mills, Inc.

More notable recent General Mills, Inc.

A number of other hedge funds have also recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. purchased a new position in General Mills during the fourth quarter worth approximately $15,491,000. Lenox Wealth Advisors Inc. raised its stake in shares of General Mills by 0.8% in the first quarter. The Contravisory Investment Management Inc holds 131,917 shares with $8.15 million value, down from 137,472 last quarter.

Holland Capital Management Llc increased Check Point Software (CHKP) stake by 24.81% reported in 2016Q4 SEC filing. Cribstone Capital Management LLC now owns 2,017 shares of the company's stock valued at $116,000 after buying an additional 1,480 shares during the last quarter. Sfmg LLC boosted its stake in General Mills by 0.7% in the first quarter. As of quarter end Toth Financial Advisory Corp had sold 971 shares trimming its stake by 2.3%.

The stock Hit its 1-year high of $72.95 on 07/06/16 and its 1-year low price of $54.89 on 06/29/17. About 1.67 million shares traded. Active shareholders often maintain a close study on simple moving averages of GIS stock, specially the 200-day simple moving average (SMA), as it is considered a key indicator by traders and market analysts for determining the overall long-term trend. Company has a valuation of $31.84 B, a PE book ratio of 19.92 along with a stock beta of 0.61.

General Mills, Inc. (NYSE:GIS)'s performance this year to date is -10.67%. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. General Mills, Inc. (NYSE:GIS) has declined 10.63% since July 5, 2016 and is downtrending. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the company earned $0.66 EPS.

02/15/2017 - Deutsche Bank began new coverage on General Mills, Inc. giving the company a " rating. In the latest earnings report the EPS was $2.77 and is projected to be $3.11 for the current year with 577,099,000 shares now outstanding.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Thursday, July 6th. Vnbtrust Natl Association holds 0.37% in General Mills, Inc. General Mills's payout ratio is now 69.31%. American Savings Bank has invested 0.08% in General Mills, Inc. If you are viewing this article on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark legislation. Interocean Capital Llc sold 20,907 shares as General Mills Inc (GIS)'s stock declined 5.07%. Finally, Sanford C. Bernstein lowered General Mills from a market perform rating to an underperform rating and set a $52.00 price target on the stock.in a report on Tuesday, March 21st. It increased, as 70 investors sold General Mills, Inc. shares while 405 reduced holdings. Vetr upgraded General Mills from a hold rating to a buy rating and set a $58.98 price target on the stock in a report on Monday, May 1st. The stock's average target of $449 is -7.94% below today's ($487.73) share price. (NYSE:GIS) in a research note published on Sunday, June 25th. Analyst mean recommendation for this stock is 3.20. Analysts believe that we could see stock price minimum in the $725 range (lowest target price), allowing for another -19.33% drop from its current position. The shares were acquired at an average price of $57.45 per share, for a total transaction of $103,410.00. Following the transaction, the insider now owns 34,077 shares in the company, valued at $1,957,723.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Alphabet Inc. (NASDAQ:GOOG) traded at an unexpectedly high level on 03/07/2017 when the stock experienced a -1.1% loss to a closing price of $898.7.

06/28/2017 - General Mills, Inc. had its "sell" rating reiterated by analysts at Goldman Sachs. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries.

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