GW Henssler & Associates Ltd. raised its position in General Mills, Inc. (NYSE:GIS) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,418 shares of the company’s stock after buying an additional 2,758 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in General Mills were worth $2,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lenox Wealth Advisors Inc. grew its holdings in General Mills by 0.8% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC grew its holdings in General Mills by 0.6% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after buying an additional 25 shares in the last quarter. Davis R M Inc. grew its holdings in General Mills by 0.8% in the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after buying an additional 34 shares in the last quarter. Hanson McClain Inc. grew its holdings in General Mills by 1.5% in the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares in the last quarter. Finally, Smith Salley & Associates grew its holdings in General Mills by 0.8% in the 1st quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock valued at $327,000 after buying an additional 42 shares in the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on GIS shares. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Consumer Edge raised General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 price objective on General Mills and gave the company a “hold” rating in a report on Sunday, June 25th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $57.00 price objective (down from $60.00) on shares of General Mills in a report on Thursday, September 21st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $52.00 price objective (down from $59.00) on shares of General Mills in a report on Friday, June 30th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.75.

Shares of General Mills, Inc. (NYSE GIS) opened at 51.76 on Friday. The company has a market capitalization of $29.42 billion, a P/E ratio of 18.55 and a beta of 0.62. General Mills, Inc. has a 12 month low of $50.40 and a 12 month high of $65.24. The company’s 50 day moving average price is $55.75 and its 200 day moving average price is $56.75.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts expect that General Mills, Inc. will post $3.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio (DPR) is presently 70.25%.

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General Mills 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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