HighVista Strategies LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, Holdings Channel reports. The firm acquired 33,500 shares of the company’s stock, valued at approximately $1,977,000.

A number of other large investors also recently made changes to their positions in GIS. Alpha Windward LLC raised its position in General Mills by 0.8% in the first quarter. Alpha Windward LLC now owns 4,088 shares of the company’s stock worth $241,000 after buying an additional 34 shares during the period. Piershale Financial Group Inc. raised its position in General Mills by 0.8% in the first quarter. Piershale Financial Group Inc. now owns 4,425 shares of the company’s stock worth $261,000 after buying an additional 34 shares during the period. Sfmg LLC raised its position in General Mills by 0.7% in the first quarter. Sfmg LLC now owns 4,814 shares of the company’s stock worth $284,000 after buying an additional 34 shares during the period. Hanson McClain Inc. raised its position in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the period. Finally, Smith Salley & Associates raised its position in General Mills by 0.8% in the first quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock worth $327,000 after buying an additional 42 shares during the period. 70.97% of the stock is owned by institutional investors and hedge funds.

General Mills, Inc. (NYSE GIS) traded up 0.4045% during trading on Thursday, reaching $55.9956. The company’s stock had a trading volume of 358,914 shares. The stock has a market capitalization of $32.32 billion, a PE ratio of 20.2150 and a beta of 0.61. General Mills, Inc. has a 1-year low of $53.24 and a 1-year high of $71.96. The stock has a 50 day moving average price of $54.98 and a 200 day moving average price of $58.01.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a $0.49 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a yield of 3.51%. This is a positive change from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio (DPR) is currently 70.76%.

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Several research analysts have commented on the stock. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $58.98 price objective for the company in a research note on Monday, May 1st. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. UBS AG reaffirmed a “neutral” rating and set a $61.00 price objective (down from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Piper Jaffray Companies reaffirmed an “underweight” rating and set a $56.00 price objective (down from $57.00) on shares of General Mills in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $58.00 price objective (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $59.93.

About General Mills

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.

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

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