TIAA CREF Trust Co. FSB MO lowered its stake in General Mills Inc. (NYSE:GIS) by 6.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 63,801 shares of the company’s stock after selling 4,516 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in General Mills were worth $4,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lenox Wealth Management Inc. raised its stake in General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,078 shares of the company’s stock valued at $220,000 after buying an additional 9 shares during the period. Lenox Wealth Advisors Inc. raised its stake in General Mills by 0.7% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,790 shares of the company’s stock valued at $114,000 after buying an additional 12 shares during the period. BKD Wealth Advisors LLC raised its stake in General Mills by 0.5% in the third quarter. BKD Wealth Advisors LLC now owns 3,581 shares of the company’s stock valued at $229,000 after buying an additional 19 shares during the period. Piershale Financial Group Inc. raised its stake in General Mills by 0.7% in the third quarter. Piershale Financial Group Inc. now owns 4,357 shares of the company’s stock valued at $278,000 after buying an additional 29 shares during the period. Finally, Hanson McClain Inc. raised its stake in General Mills by 1.4% in the second quarter. Hanson McClain Inc. now owns 2,344 shares of the company’s stock valued at $167,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 67.98% of the company’s stock.

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

Shares of General Mills Inc. (NYSE:GIS) traded down 2.74% during midday trading on Wednesday, reaching $60.94. The company’s stock had a trading volume of 5,940,025 shares. The company’s 50-day moving average price is $61.62 and its 200 day moving average price is $66.08. General Mills Inc. has a 12-month low of $53.53 and a 12-month high of $72.95. The company has a market capitalization of $36.04 billion, a P/E ratio of 22.16 and a beta of 0.55.

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

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

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Several analysts recently weighed in on the company. set a $65.00 price objective on General Mills and gave the company a “sell” rating in a research note on Thursday, September 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $68.00 price objective on shares of General Mills in a research note on Thursday, September 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $74.00 price objective on shares of General Mills in a research note on Thursday, September 22nd. Barclays PLC reaffirmed an “equal weight” rating and issued a $66.00 price objective on shares of General Mills in a research note on Friday, September 23rd. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $73.00 price objective on shares of General Mills in a research note 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 issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus 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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