Northwestern Mutual Investment Management Company LLC lessened its holdings in General Mills, Inc. (NYSE:GIS) by 80.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,676 shares of the company’s stock after selling 94,569 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in General Mills were worth $1,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GIS. American Century Companies Inc. increased its position in General Mills by 7.3% during the second quarter. American Century Companies Inc. now owns 9,745,627 shares of the company’s stock valued at $539,908,000 after acquiring an additional 659,156 shares during the last quarter. Morgan Stanley increased its position in General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after acquiring an additional 1,603,577 shares during the last quarter. Geode Capital Management LLC increased its position in General Mills by 5.3% during the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock valued at $342,642,000 after acquiring an additional 295,119 shares during the last quarter. Schroder Investment Management Group increased its position in General Mills by 17.0% during the first quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock valued at $268,283,000 after acquiring an additional 660,726 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in General Mills by 94.6% during the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares during the last quarter. Institutional investors own 70.45% of the company’s stock.

Shares of General Mills, Inc. (GIS) opened at 52.25 on Thursday. General Mills, Inc. has a 1-year low of $50.13 and a 1-year high of $64.06. The company has a 50-day moving average of $52.96 and a 200-day moving average of $55.52. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 18.72 and a beta of 0.61.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.05). The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that General Mills, Inc. will post $3.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Friday, October 6th. General Mills’s payout ratio is presently 70.25%.

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A number of research analysts have weighed in on the stock. UBS AG reiterated a “neutral” rating and set a $58.00 price objective (down previously from $61.00) on shares of General Mills in a research report on Friday, June 30th. Susquehanna Bancshares Inc set a $56.00 price objective on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the company a “sell” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.64.

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.

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

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