RiverPoint Capital Management LLC raised its position in shares of General Mills, Inc. (NYSE:GIS) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 334,251 shares of the company’s stock after acquiring an additional 8,169 shares during the period. General Mills makes up about 1.3% of RiverPoint Capital Management LLC’s investment portfolio, making the stock its 25th largest position. RiverPoint Capital Management LLC owned 0.06% of General Mills worth $18,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Lenox Wealth Advisors Inc. increased its position in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after acquiring an additional 15 shares during the last quarter. LLBH Private Wealth Management LLC increased its position in General Mills by 0.6% during the second quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after acquiring an additional 25 shares during the last quarter. Davis R M Inc. increased its position in General Mills by 0.8% during the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after acquiring an additional 34 shares during the last quarter. Hanson McClain Inc. increased its position in General Mills by 1.5% during the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after acquiring an additional 35 shares during the last quarter. Finally, Smith Salley & Associates increased its position in General Mills by 0.8% during the first quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock valued at $327,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 70.45% of the company’s stock.

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Shares of General Mills, Inc. (NYSE:GIS) opened at 52.09 on Friday. The company has a 50-day moving average of $54.22 and a 200-day moving average of $56.06. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of 18.66 and a beta of 0.61. General Mills, Inc. has a 1-year low of $50.40 and a 1-year high of $64.06.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. On average, equities research analysts expect that General Mills, Inc. will post $3.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, October 6th. General Mills’s dividend payout ratio is currently 70.25%.

A number of research analysts have weighed in on GIS shares. BMO Capital Markets reiterated a “hold” rating and set a $67.00 price objective on shares of General Mills in a research report on Thursday, June 15th. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Piper Jaffray Companies reiterated an “underweight” rating and set a $56.00 price objective (down previously from $57.00) on shares of General Mills in a research report on Monday, June 19th. UBS AG reiterated a “neutral” rating and set a $61.00 price objective (down previously from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $61.00 price objective (down previously from $63.00) on shares of General Mills in a research report on Sunday, June 25th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.75.

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.

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

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