Alliancebernstein L.P. decreased its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,015,375 shares of the company’s stock after selling 28,746 shares during the period. Alliancebernstein L.P. owned 0.18% of General Mills worth $56,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GIS. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% during the 2nd 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. lifted its holdings in General Mills by 2.9% during the 2nd 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. Hanson McClain Inc. lifted its holdings in General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after purchasing an additional 35 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in General Mills by 33.4% during the 1st 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. Finally, Assetmark Inc. lifted its holdings in General Mills by 11.2% during the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after purchasing an additional 253 shares in the last quarter. 70.39% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts recently issued reports on GIS shares. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $57.82 price objective on the stock in a report on Tuesday, June 27th. Stifel Nicolaus lowered their price target on General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, June 29th. Royal Bank Of Canada lowered their price target on General Mills from $65.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $52.00 price target (down previously from $59.00) on shares of General Mills in a report on Friday, June 30th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $58.00 price target (down previously from $61.00) on shares of General Mills in a report on Friday, June 30th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.60.

General Mills, Inc. (NYSE GIS) opened at 51.67 on Tuesday. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 18.51 and a beta of 0.62. General Mills, Inc. has a 12 month low of $50.12 and a 12 month high of $64.06. The stock’s 50 day moving average price is $52.81 and its 200 day moving average price is $55.37.

General Mills (NYSE:GIS) last posted 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). The firm had revenue of $3.77 billion during 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%. General Mills’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities research analysts anticipate that General Mills, Inc. will post $3.08 earnings per share for the current fiscal year.

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

About General Mills

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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