Bartlett & Co. LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,896 shares of the company’s stock after selling 1,000 shares during the quarter. Bartlett & Co. LLC’s holdings in General Mills were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GIS. Advisor Partners LLC raised its stake in General Mills by 16.1% during the 2nd quarter. Advisor Partners LLC now owns 9,651 shares of the company’s stock worth $535,000 after buying an additional 1,338 shares during the period. Greatmark Investment Partners Inc. raised its stake in shares of General Mills by 14.7% in the second quarter. Greatmark Investment Partners Inc. now owns 33,806 shares of the company’s stock worth $1,873,000 after purchasing an additional 4,340 shares during the last quarter. Pioneer Investment Management Inc. raised its stake in shares of General Mills by 44.6% in the second quarter. Pioneer Investment Management Inc. now owns 493,058 shares of the company’s stock worth $27,315,000 after purchasing an additional 152,158 shares during the last quarter. Rockland Trust Co. raised its stake in shares of General Mills by 8.3% in the second quarter. Rockland Trust Co. now owns 133,880 shares of the company’s stock worth $7,417,000 after purchasing an additional 10,314 shares during the last quarter. Finally, Summit Financial Group Inc. purchased a new stake in shares of General Mills in the second quarter worth approximately $495,000. 72.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Several analysts have recently commented on the company. Credit Suisse Group set a $62.00 price objective on General Mills and gave the stock a “hold” rating in a research note on Thursday. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research note on Wednesday, January 3rd. Susquehanna Bancshares set a $56.00 price objective on General Mills and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Wells Fargo & Co lowered their price objective on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research note on Friday, September 22nd. Finally, Goldman Sachs Group reissued a “sell” rating on shares of General Mills in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $58.28.

General Mills, Inc. (GIS) opened at $59.11 on Friday. The stock has a market capitalization of $33,640.00, a P/E ratio of 21.65, a PEG ratio of 2.61 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $63.73.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.49 dividend. 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 presently 71.79%.

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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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