British Columbia Investment Management Corp decreased its stake in shares of General Mills Inc. (NYSE:GIS) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,589 shares of the company’s stock after selling 95,119 shares during the period. British Columbia Investment Management Corp’s holdings in General Mills were worth $18,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GIS. Hallmark Capital Management Inc. acquired a new position in shares of General Mills during the second quarter valued at about $103,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of General Mills during the second quarter valued at about $107,000. Brick & Kyle Associates raised its position in shares of General Mills by 6.7% in the second quarter. Brick & Kyle Associates now owns 1,592 shares of the company’s stock valued at $114,000 after buying an additional 100 shares in the last quarter. Lenox Wealth Advisors Inc. raised its position in shares of General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock valued at $127,000 after buying an additional 13 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its position in shares of General Mills by 5.7% in the second quarter. Hanson & Doremus Investment Management now owns 1,866 shares of the company’s stock valued at $133,000 after buying an additional 100 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors.

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

Shares of General Mills Inc. (NYSE:GIS) traded up 1.33% during trading on Friday, reaching $62.30. The company’s stock had a trading volume of 1,069,482 shares. The firm has a market capitalization of $36.84 billion, a P/E ratio of 22.65 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 company has a 50 day moving average price of $61.61 and a 200 day moving average price of $66.08.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 21st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The company earned $3.91 billion during the quarter. General Mills had a return on equity of 33.82% and a net margin of 10.33%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. On average, equities research analysts expect that General Mills Inc. will post $3.10 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, October 5th. General Mills’s dividend payout ratio (DPR) is 69.82%.

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Several brokerages recently issued reports on GIS. set a $65.00 target price on General Mills and gave the company a “sell” rating in a research report on Thursday, September 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $68.00 target price on shares of General Mills in a research report on Thursday, September 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $74.00 target price on shares of General Mills in a research report on Thursday, September 22nd. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 target price on shares of General Mills in a research report on Friday, September 23rd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $73.00 target price on shares of General Mills in a research report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average target price of $67.56.

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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