Shares of General Mills Inc. (NYSE:GIS) were down 1.7% during mid-day trading on Wednesday . The company traded as low as $69.23 and last traded at $69.74, with a volume of 2,746,555 shares. The stock had previously closed at $70.97.

A number of analysts have issued reports on GIS shares. Bank of America Corp. reaffirmed a “hold” rating on shares of General Mills in a research note on Thursday, July 14th. Goldman Sachs Group Inc. downgraded General Mills from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $62.70 to $58.00 in a research note on Tuesday, May 24th. Citigroup Inc. reaffirmed a “buy” rating on shares of General Mills in a research note on Sunday, May 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of General Mills in a research note on Friday, April 8th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $63.00 price objective (up previously from $62.00) on shares of General Mills in a research note on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. General Mills presently has a consensus rating of “Hold” and a consensus target price of $66.64.

The firm has a 50 day moving average of $70.10 and a 200 day moving average of $63.16. The stock has a market capitalization of $42.17 billion and a price-to-earnings ratio of 25.50.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 29th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.86 billion. General Mills’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, equities analysts predict that General Mills Inc. will post $3.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Monday, July 11th were issued a dividend of $0.48 per share. This is a boost from General Mills’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, July 7th.

In other General Mills 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 sale, the executive vice president now directly owns 213,669 shares of the company’s stock, valued at $15,362,801.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Donal L. Mulligan sold 45,968 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $64.50, for a total transaction of $2,964,936.00. Following the sale, the executive vice president now directly owns 282,336 shares in the company, valued at $18,210,672. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the stock. Park National increased its stake in General Mills by 1.5% in the fourth quarter. Park National now owns 173,299 shares of the company’s stock valued at $9,993,000 after buying an additional 2,631 shares during the period. Karp Capital Management Corp boosted its stake in shares of General Mills by 74.6% in the fourth quarter. Karp Capital Management Corp now owns 60,377 shares of the company’s stock valued at $3,481,000 after buying an additional 25,802 shares in the last quarter. Schnieders Capital Management LLC boosted its stake in shares of General Mills by 30.6% in the fourth quarter. Schnieders Capital Management LLC now owns 25,602 shares of the company’s stock valued at $1,476,000 after buying an additional 6,000 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of General Mills by 57.4% in the fourth quarter. GSA Capital Partners LLP now owns 20,036 shares of the company’s stock valued at $1,155,000 after buying an additional 7,306 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of General Mills by 1.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,050 shares of the company’s stock valued at $2,252,000 after buying an additional 581 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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