Ameritas Investment Partners Inc. cut its position in General Mills, Inc. (NYSE:GIS) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,329 shares of the company’s stock after selling 1,948 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in General Mills were worth $738,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GIS. Lenox Wealth Advisors Inc. increased its stake 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 valued at $102,000 after buying an additional 15 shares during the period. Hanson McClain Inc. increased its stake in shares of General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares during the period. Winslow Evans & Crocker Inc. increased its stake 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 valued at $136,000 after buying an additional 69 shares during the period. IHT Wealth Management LLC increased its stake 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 valued at $146,000 after buying an additional 627 shares during the period. Finally, Americafirst Capital Management LLC acquired a new stake in shares of General Mills in the second quarter valued at about $158,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Several equities research analysts have recently weighed in on GIS shares. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Consumer Edge raised General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. BMO Capital Markets reissued a “market perform” rating and issued a $57.00 price target (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 issued a $53.00 price target on shares of General Mills in a research note on Thursday, September 21st. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $53.00 price target on shares of General Mills in a research note on Monday, September 25th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$56.60.

Shares of General Mills, Inc. (NYSE:GIS) opened at C$53.28 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a one year low of C$49.65 and a one year high of C$64.06. The company has a market capitalization of $30,281.07, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported C$0.71 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.76 by C($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of C$3.77 billion during the quarter, compared to analyst estimates of C$3.79 billion. During the same period last year, the business posted $0.78 EPS. The company’s revenue was down 3.6% on a year-over-year basis. equities research analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.68%. General Mills’s dividend payout ratio is presently 70.25%.

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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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