Nomura Asset Management Co. Ltd. boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 151,648 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in General Mills were worth $7,850,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GIS. Thrivent Financial For Lutherans lifted its stake in shares of General Mills by 3.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 21,860 shares of the company’s stock worth $1,292,000 after acquiring an additional 640 shares during the period. Global X Management Co. LLC lifted its stake in shares of General Mills by 28.9% in the 1st quarter. Global X Management Co. LLC now owns 4,781 shares of the company’s stock worth $282,000 after acquiring an additional 1,073 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of General Mills by 10.4% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 58,433 shares of the company’s stock worth $3,448,000 after acquiring an additional 5,485 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of General Mills by 1.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 127,358 shares of the company’s stock worth $7,515,000 after acquiring an additional 2,108 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of General Mills by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after acquiring an additional 295,119 shares during the period. 72.62% of the stock is currently owned by institutional investors.

Shares of General Mills, Inc. (GIS) opened at $58.76 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $63.73. The company has a market cap of $32,753.35, a PE ratio of 19.15, a P/E/G ratio of 2.14 and a beta of 0.66.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts forecast that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.34%. General Mills’s dividend payout ratio (DPR) is 70.25%.

Several analysts have recently commented on GIS shares. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Friday, September 15th. Citigroup restated a “buy” rating and issued a $67.00 target price on shares of General Mills in a research note on Thursday, September 21st. Morgan Stanley restated an “equal weight” rating and issued a $52.00 target price (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Susquehanna Bancshares restated a “hold” rating and issued a $58.00 target price on shares of General Mills in a research note on Tuesday, September 19th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $62.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $57.38.

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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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