Cypress Asset Management Inc. TX lowered its stake in General Mills, Inc. (NYSE:GIS) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,400 shares of the company’s stock after selling 1,155 shares during the period. Cypress Asset Management Inc. TX’s holdings in General Mills were worth $1,676,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. City Holding Co. raised its stake in General Mills by 9.0% in the first quarter. City Holding Co. now owns 43,091 shares of the company’s stock valued at $2,543,000 after buying an additional 3,560 shares in the last quarter. Sky Investment Group LLC raised its stake in General Mills by 1.5% in the first quarter. Sky Investment Group LLC now owns 78,873 shares of the company’s stock valued at $4,654,000 after buying an additional 1,186 shares in the last quarter. Sabal Trust CO raised its stake in General Mills by 27.1% in the first quarter. Sabal Trust CO now owns 10,866 shares of the company’s stock valued at $641,000 after buying an additional 2,320 shares in the last quarter. Bollard Group LLC raised its stake in General Mills by 10.7% in the first quarter. Bollard Group LLC now owns 47,195 shares of the company’s stock valued at $2,785,000 after buying an additional 4,544 shares in the last quarter. Finally, Ledyard National Bank raised its stake in General Mills by 11.9% in the first quarter. Ledyard National Bank now owns 8,460 shares of the company’s stock valued at $499,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

General Mills, Inc. (NYSE GIS) traded down 0.75% during trading on Friday, hitting $57.14. 4,595,632 shares of the stock traded hands. The stock has a market cap of $32.98 billion, a PE ratio of 20.63 and a beta of 0.61. General Mills, Inc. has a 12 month low of $53.24 and a 12 month high of $71.96. The company has a 50-day moving average price of $55.23 and a 200-day moving average price of $57.76.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. Equities research analysts expect that General Mills, Inc. will post $3.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a $0.49 dividend. This is a boost 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 dividend yield of 3.43%. General Mills’s dividend payout ratio is 70.76%.

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Several research firms recently issued reports on GIS. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reiterated a “hold” rating and set a $67.00 price target on shares of General Mills in a research report on Thursday, June 15th. Royal Bank Of Canada set a $65.00 price target on shares of General Mills and gave the stock a “hold” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $59.00 price target (down previously from $62.00) on shares of General Mills in a research report on Tuesday, May 30th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average 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.

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

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