BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of General Mills, Inc. (NYSE:GIS) by 31.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 309,401 shares of the company’s stock after selling 139,751 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of General Mills worth $16,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lenox Wealth Advisors Inc. grew its holdings in 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 purchasing an additional 15 shares during the period. Cable Hill Partners LLC grew its holdings in General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the period. Grove Bank & Trust grew its holdings in General Mills by 322.7% in the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after purchasing an additional 1,878 shares during the period. Tradewinds Capital Management LLC grew its holdings in General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the period. Finally, Spectrum Management Group Inc. purchased a new stake in General Mills in the third quarter valued at approximately $135,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

General Mills, Inc. (NYSE:GIS) opened at $58.76 on Thursday. General Mills, Inc. has a 12-month low of $49.65 and a 12-month 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. The company has a market cap of $32,753.35, a price-to-earnings ratio of 19.15, a PEG ratio of 2.14 and a beta of 0.66.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 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 3.34%. General Mills’s payout ratio is currently 70.25%.

A number of brokerages have weighed in on GIS. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Wells Fargo & Company reduced their price target on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a research report on Friday, September 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $60.00 price target on shares of General Mills in a research report on Wednesday, September 6th. Edward Jones reaffirmed a “hold” rating on shares of General Mills in a research report on Wednesday. Finally, Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. General Mills presently 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.

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

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