Lord Abbett & CO. LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 695,700 shares of the company’s stock after selling 7,000 shares during the period. Lord Abbett & CO. LLC owned 0.12% of General Mills worth $38,542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Navellier & Associates Inc boosted its holdings in shares of General Mills by 3.6% in the second quarter. Navellier & Associates Inc now owns 24,404 shares of the company’s stock valued at $1,352,000 after purchasing an additional 839 shares during the period. RNC Capital Management LLC boosted its holdings in shares of General Mills by 13,385.6% in the second quarter. RNC Capital Management LLC now owns 558,709 shares of the company’s stock valued at $30,952,000 after purchasing an additional 554,566 shares during the period. WFG Advisors LP boosted its holdings in shares of General Mills by 6.5% in the second quarter. WFG Advisors LP now owns 33,811 shares of the company’s stock valued at $1,873,000 after purchasing an additional 2,060 shares during the period. Toronto Dominion Bank boosted its holdings in shares of General Mills by 24.6% in the second quarter. Toronto Dominion Bank now owns 195,309 shares of the company’s stock valued at $10,818,000 after purchasing an additional 38,575 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in shares of General Mills by 119.6% in the second quarter. Advisory Services Network LLC now owns 6,655 shares of the company’s stock valued at $369,000 after purchasing an additional 3,624 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Shares of General Mills, Inc. (NYSE:GIS) opened at $53.67 on Friday. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $29,854.82, a price-to-earnings ratio of 17.45, a PEG ratio of 1.96 and a beta of 0.63.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. sell-side analysts expect that General Mills, Inc. will post 3.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, October 6th. General Mills’s payout ratio is 70.25%.

A number of brokerages recently issued reports on GIS. Bank of America Corporation lowered their price target on General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Citigroup Inc. restated a “buy” rating and set a $67.00 target price on shares of General Mills in a report on Thursday, September 21st. Royal Bank Of Canada restated a “hold” rating and set a $62.00 target price on shares of General Mills in a report on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating and set a $60.00 target price on shares of General Mills in a report on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc restated a “hold” rating and set a $58.00 target price on shares of General Mills in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. General Mills currently has an average rating of “Hold” and an average price target of $56.60.

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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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