Jacobi Capital Management LLC reduced its stake in General Mills, Inc. (NYSE:GIS) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,900 shares of the company’s stock after selling 500 shares during the period. Jacobi Capital Management LLC’s holdings in General Mills were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpha Windward LLC increased its stake in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock valued at $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp increased its stake in General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock valued at $372,000 after buying an additional 162 shares in the last quarter. Integrated Wealth Management increased its stake in General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock valued at $519,000 after buying an additional 54 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in General Mills by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,772 shares of the company’s stock valued at $870,000 after buying an additional 252 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in General Mills during the first quarter valued at $498,000. Institutional investors own 71.46% of the company’s stock.

General Mills, Inc. (NYSE:GIS) traded up 0.270% during trading on Wednesday, reaching $57.465. 748,867 shares of the company were exchanged. The company’s 50-day moving average price is $55.08 and its 200-day moving average price is $57.81. The stock has a market capitalization of $33.16 billion, a P/E ratio of 20.745 and a beta of 0.61. General Mills, Inc. has a 1-year low of $53.24 and a 1-year high of $71.96.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued 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 dividend on an annualized basis and a yield of 3.42%. General Mills’s dividend payout ratio (DPR) is presently 70.76%.

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Several research firms have weighed in on GIS. BMO Capital Markets reissued a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Piper Jaffray Companies set a $56.00 price target on shares of General Mills and gave the stock a “sell” rating in a research note on Monday, August 7th. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $58.00 price target (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. General Mills has an average rating of “Hold” and a consensus 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.

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

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