Capital Investment Advisors LLC boosted its holdings in General Mills, Inc. (NYSE:GIS) by 68.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,266 shares of the company’s stock after buying an additional 13,130 shares during the quarter. Capital Investment Advisors LLC’s holdings in General Mills were worth $1,913,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC grew its position in General Mills by 21.8% during the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares in the last quarter. LVW Advisors LLC purchased a new position in General Mills during the 2nd quarter worth approximately $2,515,000. Captrust Financial Advisors purchased a new position in General Mills during the 2nd quarter worth approximately $693,000. AXA grew its position in General Mills by 8.5% during the 2nd quarter. AXA now owns 1,030,200 shares of the company’s stock worth $57,073,000 after purchasing an additional 81,000 shares in the last quarter. Finally, 1st Global Advisors Inc. purchased a new position in General Mills during the 2nd quarter worth approximately $2,600,000. Hedge funds and other institutional investors own 72.58% of the company’s stock.

General Mills, Inc. (NYSE GIS) opened at $59.12 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $63.73. The company has a market cap of $33,640.00, a price-to-earnings ratio of 21.66, a PEG ratio of 2.55 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company posted $0.85 EPS. General Mills’s revenue was up 2.1% on a year-over-year basis. sell-side analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, January 9th. General Mills’s dividend payout ratio is currently 71.79%.

In other news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

GIS has been the topic of several research analyst reports. Wells Fargo & Co upgraded shares of General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research report on Monday, December 18th. BMO Capital Markets reiterated a “market perform” rating and set a $57.00 price objective (down from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Argus reiterated a “hold” rating on shares of General Mills in a research report on Wednesday, December 27th. Credit Suisse Group reiterated a “neutral” rating and set a $53.00 price objective on shares of General Mills in a research report on Monday, September 25th. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $53.00 price objective on shares of General Mills in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. General Mills has a consensus rating of “Hold” and a consensus target price of $58.17.

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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.

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

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