First Allied Advisory Services Inc. boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 125,132 shares of the company’s stock after buying an additional 8,362 shares during the period. First Allied Advisory Services Inc.’s holdings in General Mills were worth $7,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intact Investment Management Inc. lifted its stake in shares of General Mills by 1.7% in the 2nd quarter. Intact Investment Management Inc. now owns 91,400 shares of the company’s stock valued at $5,063,000 after acquiring an additional 1,500 shares during the last quarter. Chilton Investment Co. LLC lifted its stake in shares of General Mills by 5.4% in the 2nd quarter. Chilton Investment Co. LLC now owns 32,683 shares of the company’s stock valued at $1,811,000 after acquiring an additional 1,661 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of General Mills by 7.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,217 shares of the company’s stock valued at $440,000 after acquiring an additional 572 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its stake in shares of General Mills by 6.0% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 117,179 shares of the company’s stock valued at $6,492,000 after acquiring an additional 6,616 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC bought a new position in shares of General Mills in the 2nd quarter valued at $260,000. Hedge funds and other institutional investors own 72.59% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) opened at $56.03 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.35. The firm has a market capitalization of $31,177.91, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a $0.49 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.50%. General Mills’s dividend payout ratio is presently 71.79%.

A number of research analysts have recently commented on the company. Jefferies Group upgraded General Mills from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Edward Jones reiterated a “hold” rating on shares of General Mills in a research note on Wednesday, December 20th. Susquehanna Bancshares set a $61.00 price target on General Mills and gave the company a “hold” rating in a research note on Friday, January 5th. Finally, Credit Suisse Group set a $60.00 price target on General Mills and gave the company a “hold” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. General Mills has an average rating of “Hold” and an average price target of $58.28.

In other news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the sale, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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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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