Edmond DE Rothschild Holding S.A. lowered its position in General Mills, Inc. (NYSE:GIS) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 12,945 shares of the company’s stock after selling 500 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in General Mills were worth $764,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of GIS. Cribstone Capital Management LLC increased its stake in shares of General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares during the last quarter. Commonwealth Financial Services LLC increased its stake in shares of General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock valued at $130,000 after buying an additional 2,058 shares in the last quarter. Hanson McClain Inc. increased its stake in shares of General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares in the last quarter. Assetmark Inc. increased its stake in shares of General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of General Mills during the first quarter valued at approximately $179,000. Hedge funds and other institutional investors own 70.97% of the company’s stock.

General Mills, Inc. (NYSE GIS) traded up 0.826% during trading on Friday, hitting $56.755. 949,525 shares of the company’s stock traded hands. General Mills, Inc. has a 12 month low of $53.24 and a 12 month high of $71.96. The stock has a market cap of $32.75 billion, a P/E ratio of 20.489 and a beta of 0.61. The company’s 50 day moving average is $54.99 and its 200-day moving average is $58.00.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, July 6th. This is an increase from General Mills’s previous quarterly dividend of $0.48. General Mills’s dividend payout ratio is currently 70.76%.

COPYRIGHT VIOLATION NOTICE: “General Mills, Inc. (GIS) Stake Cut by Edmond DE Rothschild Holding S.A.” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/11/general-mills-inc-gis-stake-cut-by-edmond-de-rothschild-holding-s-a.html.

GIS has been the subject of several research reports. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $62.00 target price on General Mills and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price for the company in a research note on Tuesday, June 27th. Stifel Nicolaus reduced their target price on General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, June 29th. Finally, BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus 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.