Congress Asset Management Co. MA increased its position in shares of General Mills, Inc. (NYSE:GIS) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 94,835 shares of the company’s stock after buying an additional 1,447 shares during the period. Congress Asset Management Co. MA’s holdings in General Mills were worth $5,596,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GIS. Lenox Wealth Advisors Inc. increased its stake in shares of General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock worth $107,000 after buying an additional 14 shares in the last quarter. Cribstone Capital Management LLC increased its stake in shares of General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. Commonwealth Financial Services LLC increased its stake in shares of General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares in the last quarter. 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 worth $138,000 after buying an additional 35 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after buying an additional 253 shares in the last quarter. 70.40% of the stock is currently owned by institutional investors and hedge funds.

General Mills, Inc. (NYSE GIS) opened at 53.67 on Wednesday. The stock has a market capitalization of $30.97 billion, a P/E ratio of 19.38 and a beta of 0.61. The company has a 50 day moving average of $56.80 and a 200 day moving average of $59.47. General Mills, Inc. has a 52 week low of $53.24 and a 52 week high of $72.70.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. General Mills’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that General Mills, Inc. will post $3.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio is presently 70.76%.

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A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of General Mills from $65.00 to $62.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 29th. UBS Group AG reissued a “neutral” rating and set a $58.00 price target (down from $61.00) on shares of General Mills in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies reissued an “underweight” rating and set a $56.00 price target (down from $57.00) on shares of General Mills in a research note on Monday, June 19th. Finally, Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target on the stock in a research note on Tuesday, June 27th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.93.

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.

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

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