Alpha Cubed Investments LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 43.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,396 shares of the company’s stock after selling 3,437 shares during the period. Alpha Cubed Investments LLC’s holdings in General Mills were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of GIS. Flossbach Von Storch AG bought a new position in shares of General Mills during the 2nd quarter valued at about $227,578,000. Janus Henderson Group PLC boosted its position in shares of General Mills by 3,178.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after purchasing an additional 2,531,664 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of General Mills by 94.6% during the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after purchasing an additional 2,195,397 shares in the last quarter. Morgan Stanley boosted its position in shares of General Mills by 29.4% during the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after purchasing an additional 1,603,577 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of General Mills by 146.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares in the last quarter. Institutional investors own 71.32% of the company’s stock.

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Shares of General Mills, Inc. (NYSE GIS) opened at $54.24 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The stock has a market cap of $30,790.00, a P/E ratio of 17.85, a PEG ratio of 2.00 and a beta of 0.63. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. research analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is presently 70.25%.

Several equities analysts have recently weighed in on the stock. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the company a “sell” rating in a research report on Monday, August 7th. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Susquehanna Bancshares Inc set a $56.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.60.

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.

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

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