Arcus Capital Partners LLC continued to hold its stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,440 shares of the company’s stock at the end of the second quarter. Arcus Capital Partners LLC’s holdings in General Mills were worth $301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Altavista Wealth Management Inc. lifted its stake in shares of General Mills by 64.9% during the second quarter. Altavista Wealth Management Inc. now owns 36,057 shares of the company’s stock valued at $1,998,000 after acquiring an additional 14,196 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of General Mills by 10.2% during the second quarter. Westwood Holdings Group Inc. now owns 3,015,845 shares of the company’s stock valued at $167,099,000 after acquiring an additional 277,986 shares during the period. BB&T Investment Services Inc. acquired a new position in shares of General Mills during the second quarter valued at $670,000. Intellectus Partners LLC lifted its stake in shares of General Mills by 38.7% during the second quarter. Intellectus Partners LLC now owns 7,204 shares of the company’s stock valued at $399,000 after acquiring an additional 2,009 shares during the period. Finally, Security National Bank of SO Dak lifted its stake in shares of General Mills by 1.6% during the second quarter. Security National Bank of SO Dak now owns 18,054 shares of the company’s stock valued at $1,000,000 after acquiring an additional 285 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

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Shares of General Mills, Inc. (NYSE:GIS) opened at $52.97 on Tuesday. The company has a market capitalization of $30,281.07, a PE ratio of 17.70, a PEG ratio of 1.99 and a beta of 0.63. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $64.06.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, October 6th. General Mills’s dividend payout ratio is currently 70.25%.

Several equities analysts have recently issued reports on the company. Bank of America Corporation cut their price target on General Mills from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, September 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price target on shares of General Mills in a research note on Wednesday, September 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of General Mills in a research note on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $58.00 price target on shares of General Mills in a research note on Tuesday, September 19th. Three research 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. The stock presently has a consensus rating of “Hold” and an average price target of $56.60.

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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