Investors sold shares of General Mills Inc. (NYSE:GIS) on strength during trading on Friday. $20.96 million flowed into the stock on the tick-up and $51.59 million flowed out of the stock on the tick-down, for a money net flow of $30.63 million out of the stock. Of all stocks tracked, General Mills had the 0th highest net out-flow for the day. General Mills traded up $0.18 for the day and closed at $71.45

GIS has been the subject of a number of recent analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of General Mills in a research report on Sunday, May 22nd. Goldman Sachs Group Inc. lowered shares of General Mills from a “neutral” rating to a “sell” rating and decreased their target price for the company from $62.70 to $58.00 in a research report on Tuesday, May 24th. Bank of America Corp. restated a “sell” rating on shares of General Mills in a research report on Tuesday, May 24th. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 price objective (up previously from $64.00) on shares of General Mills in a research report on Friday, June 17th. Finally, Deutsche Bank AG restated a “hold” rating and set a $63.00 price objective (up previously from $62.00) on shares of General Mills in a research report on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. General Mills has a consensus rating of “Hold” and an average price target of $66.64.

The company has a market capitalization of $42.66 billion and a price-to-earnings ratio of 25.79. The stock has a 50 day moving average price of $71.41 and a 200-day moving average price of $64.34.

General Mills (NYSE:GIS) last announced 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 firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that General Mills Inc. will post $3.11 EPS for the current fiscal year.

The company 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. The ex-dividend date was Thursday, July 7th. 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 2.69%.

In other General Mills news, Director Michael D. Rose sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $72.32, for a total transaction of $723,200.00. Following the completion of the sale, the director now directly owns 71,240 shares of the company’s stock, valued at approximately $5,152,076.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey L. Harmening sold 33,150 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $71.05, for a total value of $2,355,307.50. Following the sale, the chief operating officer now directly owns 133,106 shares of the company’s stock, valued at $9,457,181.30. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of General Mills by 9.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,156,551 shares of the company’s stock valued at $124,347,000 after buying an additional 184,806 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Mills by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,178,359 shares of the company’s stock valued at $67,951,000 after buying an additional 66,419 shares in the last quarter. Morningstar Investment Services LLC boosted its stake in shares of General Mills by 6.0% in the fourth quarter. Morningstar Investment Services LLC now owns 626,575 shares of the company’s stock valued at $36,128,000 after buying an additional 35,715 shares in the last quarter. American International Group Inc. boosted its stake in shares of General Mills by 1.2% in the fourth quarter. American International Group Inc. now owns 537,962 shares of the company’s stock valued at $31,019,000 after buying an additional 6,282 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of General Mills by 48.1% in the fourth quarter. State of Tennessee Treasury Department now owns 444,269 shares of the company’s stock valued at $25,617,000 after buying an additional 144,206 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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