Investors Asset Management of Georgia Inc. GA ADV raised its position in General Mills, Inc. (NYSE:GIS) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,150 shares of the company’s stock after buying an additional 300 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in General Mills were worth $396,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of General Mills by 3.1% in the first quarter. American Century Companies Inc. now owns 9,086,471 shares of the company’s stock worth $536,193,000 after buying an additional 269,906 shares in the last quarter. Morgan Stanley boosted its stake in General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after buying an additional 1,603,577 shares during the period. Bank of New York Mellon Corp boosted its stake in General Mills by 26.1% in the first quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock valued at $413,862,000 after buying an additional 1,449,632 shares during the period. Geode Capital Management LLC boosted its stake in General Mills by 5.3% in the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock valued at $342,642,000 after buying an additional 295,119 shares during the period. Finally, APG Asset Management N.V. boosted its stake in General Mills by 0.6% in the first quarter. APG Asset Management N.V. now owns 4,728,629 shares of the company’s stock valued at $279,036,000 after buying an additional 26,500 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Shares of General Mills, Inc. (GIS) opened at 53.75 on Thursday. General Mills, Inc. has a 52 week low of $53.24 and a 52 week high of $71.68. The firm has a market cap of $31.02 billion, a PE ratio of 19.40 and a beta of 0.61. The company has a 50 day moving average of $55.47 and a 200 day moving average of $57.57.

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

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

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Several analysts have recently commented on the stock. UBS AG restated a “neutral” rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Piper Jaffray Companies restated an “underweight” rating and issued a $56.00 target price (down previously from $57.00) on shares of General Mills in a research note on Monday, June 19th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $58.00 target price (down previously from $59.00) on shares of General Mills in a research note on Friday, June 30th. Finally, BMO Capital Markets restated a “hold” rating and issued a $67.00 target price on shares of General Mills in a research note on Thursday, June 15th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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.

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

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