Schafer Cullen Capital Management Inc. grew its holdings in General Mills, Inc. (NYSE:GIS) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,187 shares of the company’s stock after acquiring an additional 1 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in General Mills were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Lenox Wealth Advisors Inc. grew its stake in shares of General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in shares of General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after purchasing an additional 69 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after purchasing an additional 627 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of General Mills during the second quarter worth $158,000. Finally, V Wealth Management LLC acquired a new position in shares of General Mills during the second quarter worth $178,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) opened at $54.12 on Wednesday. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $64.06. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The company has a market cap of $30,104.89, a PE ratio of 17.60, a PEG ratio of 1.97 and a beta of 0.63.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the company posted $0.78 earnings per share. General Mills’s quarterly revenue was down 3.6% on a year-over-year basis. sell-side analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.62%. General Mills’s payout ratio is 70.25%.

GIS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group LLC initiated coverage on shares of General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 target price for the company. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $52.00 target price (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.60.

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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.

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

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