B. Riley Financial Inc. bought a new position in General Mills, Inc. (NYSE:GIS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,156 shares of the company’s stock, valued at approximately $267,000.

Other large investors have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. boosted its holdings in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares during the period. Cable Hill Partners LLC boosted its holdings in shares of General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after acquiring an additional 1,647 shares during the period. Grove Bank & Trust boosted its holdings in shares of General Mills by 322.7% in the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after acquiring an additional 1,878 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in shares of General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after acquiring an additional 69 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after acquiring an additional 627 shares during the period. 72.62% of the stock is owned by institutional investors and hedge funds.

Shares of General Mills, Inc. (GIS) opened at $58.76 on Thursday. The stock has a market capitalization of $32,753.35, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.14 and a beta of 0.66. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. equities analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.34%. General Mills’s dividend payout ratio (DPR) is currently 70.25%.

GIS has been the subject of a number of analyst reports. Consumer Edge raised General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Wells Fargo & Company raised General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price target for the company in a report on Monday. BMO Capital Markets reissued a “market perform” rating and set a $57.00 price objective (down previously from $60.00) on shares of General Mills in a research note on Thursday, September 21st. Piper Jaffray Companies reissued a “sell” rating and set a $53.00 price objective on shares of General Mills in a research note on Thursday, September 21st. Finally, Credit Suisse Group reissued a “neutral” rating and set a $53.00 price objective on shares of General Mills in a research note on Monday, September 25th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.38.

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About General Mills

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.

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

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