General Mills Inc. (NYSE:GIS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.66 and last traded at $72.30, with a volume of 2,531,915 shares traded. The stock had previously closed at $71.94.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a research report on Sunday, March 27th. Royal Bank Of Canada increased their target price on shares of General Mills from $70.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 30th. Sanford C. Bernstein increased their target price on shares of General Mills from $61.00 to $62.00 in a research report on Friday, March 25th. Citigroup Inc. reiterated a “buy” rating and set a $76.00 target price (up previously from $72.00) on shares of General Mills in a research report on Wednesday, June 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $66.00 target price on shares of General Mills in a research report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $65.86.

The stock’s 50-day moving average is $65.37 and its 200 day moving average is $61.06. The firm has a market cap of $43.03 billion and a P/E ratio of 26.02.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the company earned $0.75 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts expect that General Mills Inc. will post $3.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Monday, July 11th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, July 7th. This is an increase from General Mills’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 2.65%.

In related news, EVP Peter C. Erickson sold 83,850 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $71.90, for a total transaction of $6,028,815.00. Following the completion of the sale, the executive vice president now owns 213,669 shares of the company’s stock, valued at $15,362,801.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Danos sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $71.53, for a total transaction of $1,430,600.00. Following the sale, the director now directly owns 43,799 shares of the company’s stock, valued at approximately $3,132,942.47. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of GIS. First National Trust Co. boosted its stake in General Mills by 0.5% in the fourth quarter. First National Trust Co. now owns 49,276 shares of the company’s stock valued at $2,842,000 after buying an additional 257 shares in the last quarter. Brown Advisory Inc. boosted its stake in General Mills by 2.2% in the fourth quarter. Brown Advisory Inc. now owns 34,503 shares of the company’s stock valued at $1,989,000 after buying an additional 746 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in General Mills by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,691 shares of the company’s stock valued at $34,348,000 after buying an additional 49,232 shares in the last quarter. Toronto Dominion Bank boosted its stake in General Mills by 4.1% in the fourth quarter. Toronto Dominion Bank now owns 19,971 shares of the company’s stock valued at $1,151,000 after buying an additional 781 shares in the last quarter. Finally, Howland Capital Management LLC boosted its stake in General Mills by 3.0% in the fourth quarter. Howland Capital Management LLC now owns 20,717 shares of the company’s stock valued at $1,195,000 after buying an additional 600 shares in the last quarter.

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.

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