Centre Asset Management LLC held its position in shares of General Mills Inc. (NYSE:GIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,350 shares of the company’s stock at the end of the second quarter. General Mills accounts for about 2.3% of Centre Asset Management LLC’s portfolio, making the stock its 12th largest position. Centre Asset Management LLC’s holdings in General Mills were worth $13,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GIS. Vanguard Group Inc. boosted its position in shares of General Mills by 2.8% in the second quarter. Vanguard Group Inc. now owns 42,294,810 shares of the company’s stock worth $3,016,466,000 after buying an additional 1,144,897 shares during the period. BlackRock Fund Advisors boosted its position in shares of General Mills by 8.9% in the second quarter. BlackRock Fund Advisors now owns 14,309,161 shares of the company’s stock worth $1,020,529,000 after buying an additional 1,167,197 shares during the period. BlackRock Group LTD boosted its position in shares of General Mills by 1.6% in the second quarter. BlackRock Group LTD now owns 7,035,387 shares of the company’s stock worth $501,764,000 after buying an additional 111,295 shares during the period. Capital Research Global Investors boosted its position in shares of General Mills by 0.3% in the second quarter. Capital Research Global Investors now owns 6,938,055 shares of the company’s stock worth $494,822,000 after buying an additional 18,055 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of General Mills by 34.5% in the second quarter. American Century Companies Inc. now owns 6,546,046 shares of the company’s stock worth $466,864,000 after buying an additional 1,679,776 shares during the period. 70.02% of the stock is currently owned by hedge funds and other institutional investors.

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

General Mills Inc. (NYSE:GIS) opened at 61.04 on Friday. The company has a market cap of $36.10 billion, a price-to-earnings ratio of 22.20 and a beta of 0.55. General Mills Inc. has a 52-week low of $53.53 and a 52-week high of $72.95. The stock’s 50 day moving average is $62.16 and its 200 day moving average is $66.05.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. General Mills had a return on equity of 33.82% and a net margin of 10.33%. The company earned $3.91 billion during the quarter. During the same period in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that General Mills Inc. will post $3.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. General Mills’s dividend payout ratio is 69.82%.

GIS has been the topic of a number of recent research reports. Morgan Stanley reissued a “hold” rating on shares of General Mills in a research report on Sunday, July 17th. Credit Suisse Group AG reissued a “hold” rating and set a $68.00 target price on shares of General Mills in a research report on Thursday, September 22nd. Credit Agricole SA set a $65.00 target price on shares of General Mills and gave the stock a “sell” rating in a research report on Thursday, September 22nd. Deutsche Bank AG reissued a “hold” rating and set a $67.00 target price on shares of General Mills in a research report on Wednesday, September 14th. Finally, Consumer Edge cut shares of General Mills from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and a consensus price target of $68.22.

In other news, Director Michael D. Rose sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $71.11, for a total value of $711,100.00. Following the completion of the sale, the director now directly owns 79,954 shares of the company’s stock, valued at $5,685,528.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Church sold 99,373 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $71.17, for a total value of $7,072,376.41. Following the completion of the sale, the insider now directly owns 108,311 shares of the company’s stock, valued at $7,708,493.87. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:GIS

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