Farmers & Merchants Investments Inc. cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,999 shares of the company’s stock after selling 1,291 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in General Mills were worth $1,035,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Lenox Wealth Management Inc. lifted its holdings in General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after buying an additional 11 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC lifted its holdings in General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after buying an additional 25 shares in the last quarter. Davis R M Inc. lifted its holdings in General Mills by 0.8% during the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after buying an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC lifted its holdings in General Mills by 1.3% during the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after buying an additional 48 shares in the last quarter. Institutional investors own 71.32% of the company’s stock.

A number of equities research analysts have recently weighed in on GIS shares. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group LLC started coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Royal Bank Of Canada set a $62.00 price objective on shares of General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $52.00 price objective (down from $55.00) on shares of General Mills in a report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.60.

TRADEMARK VIOLATION NOTICE: This story was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/11/21/general-mills-inc-gis-shares-sold-by-farmers-merchants-investments-inc.html.

General Mills, Inc. (NYSE GIS) opened at $54.24 on Tuesday. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a market cap of $30,790.00, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.63.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. equities analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, October 6th. General Mills’s payout ratio is currently 70.25%.

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.

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.