Ropes Wealth Advisors LLC trimmed its position in General Mills, Inc. (NYSE:GIS) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,910 shares of the company’s stock after selling 1,483 shares during the period. Ropes Wealth Advisors LLC’s holdings in General Mills were worth $2,516,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GIS. Certified Advisory Corp increased its stake in shares of General Mills by 100.9% during the 1st quarter. Certified Advisory Corp now owns 643 shares of the company’s stock valued at $33,000 after acquiring an additional 323 shares during the last quarter. NuWave Investment Management LLC increased its stake in shares of General Mills by 377.4% during the 2nd quarter. NuWave Investment Management LLC now owns 635 shares of the company’s stock valued at $33,000 after acquiring an additional 502 shares during the last quarter. Smart Money Group LLC acquired a new position in shares of General Mills during the 2nd quarter valued at about $33,000. CX Institutional increased its stake in shares of General Mills by 74.2% during the 2nd quarter. CX Institutional now owns 655 shares of the company’s stock valued at $34,000 after acquiring an additional 279 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in shares of General Mills during the 1st quarter valued at about $35,000. Institutional investors own 69.19% of the company’s stock.

GIS traded up $0.21 on Tuesday, reaching $54.48. 75,267 shares of the company’s stock were exchanged, compared to its average volume of 3,400,613. The company’s 50 day simple moving average is $53.37. The company has a market capitalization of $32.67 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. General Mills, Inc. has a twelve month low of $36.42 and a twelve month high of $54.74. The company has a current ratio of 0.59, a quick ratio of 0.37 and a debt-to-equity ratio of 1.58.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.07. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.24 billion. General Mills had a net margin of 10.39% and a return on equity of 27.67%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, equities research analysts forecast that General Mills, Inc. will post 3.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Tuesday, July 9th. General Mills’s dividend payout ratio (DPR) is presently 60.87%.

GIS has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of General Mills from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Guggenheim upped their price objective on shares of General Mills from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Goldman Sachs Group downgraded shares of General Mills from a “neutral” rating to a “sell” rating and set a $41.00 price objective for the company. in a research note on Tuesday, May 28th. Piper Jaffray Companies upped their price objective on shares of General Mills from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Edward Jones raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. General Mills currently has a consensus rating of “Hold” and an average price target of $52.66.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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