Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,803 shares of the company’s stock after selling 221 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in General Mills were worth $2,371,000 at the end of the most recent reporting period.

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

Shares of General Mills, Inc. (NYSE GIS) opened at 51.70 on Wednesday. General Mills, Inc. has a 52 week low of $50.13 and a 52 week high of $64.06. The stock has a 50 day moving average price of $53.11 and a 200-day moving average price of $55.65. The firm has a market capitalization of $29.38 billion, a price-to-earnings ratio of 18.52 and a beta of 0.61.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.79%. The ex-dividend date is Friday, October 6th. General Mills’s payout ratio is 70.25%.

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A number of research firms have recently commented on GIS. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. UBS AG restated a “neutral” rating and issued a $61.00 price objective (down from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Susquehanna Bancshares Inc restated a “hold” rating and issued a $58.00 price objective on shares of General Mills in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada cut their price objective on General Mills from $65.00 to $62.00 and set a “sector perform” rating for the company in a research report on Thursday, June 29th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.64.

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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