Gabelli Funds LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,312,000 shares of the company’s stock after buying an additional 700 shares during the period. Gabelli Funds LLC owned 0.23% of General Mills worth $72,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Lenox Wealth Advisors Inc. grew its stake in shares of General Mills by 0.8% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the last quarter. LLBH Private Wealth Management LLC grew its stake in shares of General Mills by 0.6% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after buying an additional 25 shares during the last quarter. Davis R M Inc. grew its stake in shares of General Mills by 0.8% in the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after buying an additional 34 shares during the last quarter. Hanson McClain Inc. grew its stake in shares of General Mills by 1.5% in the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the last quarter. Finally, Smith Salley & Associates grew its stake in shares of General Mills by 0.8% in the 1st quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock worth $327,000 after buying an additional 42 shares during the last quarter. Institutional investors own 69.38% of the company’s stock.

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Several research firms recently issued reports on GIS. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $67.00 price objective on shares of General Mills in a research report on Thursday, June 15th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $56.00 price objective (down from $57.00) on shares of General Mills in a research report on Monday, June 19th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $61.00 price objective (down from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.75.

General Mills, Inc. (NYSE:GIS) opened at 51.76 on Friday. General Mills, Inc. has a 12-month low of $50.40 and a 12-month high of $65.24. The stock’s 50 day moving average price is $55.75 and its 200 day moving average price is $56.75. The company has a market capitalization of $29.42 billion, a PE ratio of 18.55 and a beta of 0.62.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. On average, equities analysts anticipate that General Mills, Inc. will post $3.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio (DPR) is presently 70.25%.

General Mills 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.

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

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