Chevy Chase Trust Holdings Inc. decreased its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.8% in the 4th quarter, HoldingsChannel reports. The fund owned 589,634 shares of the company’s stock after selling 42,972 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in General Mills were worth $34,960,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GIS. First Trust Advisors LP increased its position in shares of General Mills by 106.9% during the second quarter. First Trust Advisors LP now owns 763,033 shares of the company’s stock worth $42,272,000 after acquiring an additional 394,282 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in General Mills by 56.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 150,415 shares of the company’s stock valued at $8,394,000 after purchasing an additional 54,151 shares in the last quarter. Biltmore Wealth Management LLC grew its position in General Mills by 3.2% in the second quarter. Biltmore Wealth Management LLC now owns 11,112 shares of the company’s stock valued at $616,000 after purchasing an additional 340 shares in the last quarter. Wedbush Securities Inc. grew its position in General Mills by 13.7% in the second quarter. Wedbush Securities Inc. now owns 11,410 shares of the company’s stock valued at $632,000 after purchasing an additional 1,379 shares in the last quarter. Finally, 440 Investment Group LLC bought a new position in General Mills in the second quarter valued at $583,000. 72.76% of the stock is owned by institutional investors.

General Mills, Inc. (GIS) opened at $59.79 on Wednesday. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $63.73. The company has a market cap of $34,020.00, a PE ratio of 21.90, a PEG ratio of 2.61 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. sell-side analysts expect that General Mills, Inc. will post 3.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 71.79%.

A number of research firms recently weighed in on GIS. Piper Jaffray Companies raised shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price for the company in a research report on Wednesday, January 3rd. Edward Jones reaffirmed a “hold” rating on shares of General Mills in a research report on Wednesday, December 20th. Susquehanna Bancshares set a $60.00 target price on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, December 19th. BMO Capital Markets reaffirmed a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of General Mills in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.28.

In other news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the transaction, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

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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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