Global Financial Private Capital LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 117,694 shares of the company’s stock, valued at approximately $6,945,000.

Other large investors have also recently added to or reduced their stakes in the company. Alpha Windward LLC increased its stake in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock valued at $241,000 after buying an additional 34 shares in the last quarter. Tompkins Financial Corp increased its stake in General Mills by 2.8% in the first quarter. Tompkins Financial Corp now owns 5,868 shares of the company’s stock valued at $372,000 after buying an additional 162 shares in the last quarter. Integrated Wealth Management increased its stake in General Mills by 0.6% in the first quarter. Integrated Wealth Management now owns 8,801 shares of the company’s stock valued at $519,000 after buying an additional 54 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in General Mills by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,772 shares of the company’s stock valued at $870,000 after buying an additional 252 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in General Mills during the first quarter valued at approximately $498,000. Hedge funds and other institutional investors own 70.97% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) opened at 56.21 on Tuesday. The company has a market cap of $32.44 billion, a P/E ratio of 20.29 and a beta of 0.61. The company’s 50-day moving average price is $55.28 and its 200 day moving average price is $58.21. General Mills, Inc. has a one year low of $53.24 and a one year high of $71.96.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post $3.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, 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 3.48%. The ex-dividend date of this dividend was Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio (DPR) is 70.76%.

WARNING: “Global Financial Private Capital LLC Invests $6.95 Million in General Mills, Inc. (GIS)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/08/global-financial-private-capital-llc-invests-6-95-million-in-general-mills-inc-gis.html.

GIS has been the subject of several recent research reports. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price objective on General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $57.82 price objective for the company in a report on Tuesday, June 27th. Stifel Nicolaus decreased their price objective on General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, June 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $55.00 price objective (down previously from $58.00) on shares of General Mills in a report on Sunday, June 25th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $59.93.

General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).

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

Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with MarketBeat.com's FREE daily email newsletter.