Royal London Asset Management Ltd. reduced its position in General Mills, Inc. (NYSE:GIS) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,314 shares of the company’s stock after selling 8,087 shares during the period. Royal London Asset Management Ltd.’s holdings in General Mills were worth $12,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of General Mills by 21.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,471,138 shares of the company’s stock worth $96,224,000 after purchasing an additional 433,796 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of General Mills by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 7,230,663 shares of the company’s stock worth $281,036,000 after purchasing an additional 473,831 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of General Mills by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the company’s stock worth $1,630,000 after purchasing an additional 200 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of General Mills by 1.1% in the 1st quarter. Retirement Systems of Alabama now owns 277,874 shares of the company’s stock worth $14,380,000 after purchasing an additional 3,034 shares in the last quarter. Finally, TIAA FSB increased its holdings in shares of General Mills by 6.1% in the 1st quarter. TIAA FSB now owns 63,593 shares of the company’s stock worth $3,291,000 after purchasing an additional 3,663 shares in the last quarter. Hedge funds and other institutional investors own 69.19% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Evercore ISI assumed coverage on General Mills in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $56.00 price target on the stock. Zacks Investment Research restated a “strong-buy” rating on shares of General Mills in a research note on Thursday, May 30th. UBS Group raised their price target on General Mills from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Bank of America restated a “neutral” rating and issued a $49.00 price target on shares of General Mills in a research note on Friday, May 17th. Finally, Guggenheim raised their price target on General Mills from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. General Mills presently has a consensus rating of “Hold” and a consensus target price of $52.66.

NYSE GIS traded up $0.08 on Wednesday, hitting $54.46. 55,847 shares of the company traded hands, compared to its average volume of 4,365,686. The firm has a market cap of $32.76 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. The company has a quick ratio of 0.37, a current ratio of 0.59 and a debt-to-equity ratio of 1.58. The business has a 50 day simple moving average of $53.38. General Mills, Inc. has a 52-week low of $36.42 and a 52-week high of $54.74.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 26th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.07. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.24 billion. General Mills had a return on equity of 27.67% and a net margin of 10.39%. General Mills’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. As a group, analysts anticipate that General Mills, Inc. will post 3.37 EPS for the current year.

The business 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. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.96 annualized dividend and a yield of 3.60%. General Mills’s dividend payout ratio (DPR) is presently 60.87%.

General Mills Company Profile

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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