General Mills, Inc. (NYSE:GIS) Shares Bought by DDD Partners LLC

DDD Partners LLC lifted its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,848 shares of the company's stock after buying an additional 23,374 shares during the quarter. General Mills makes up about 2.7% of DDD Partners LLC's investment portfolio, making the stock its 14th largest position. DDD Partners LLC owned about 0.07% of General Mills worth $21,814,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of GIS. O Shaughnessy Asset Management LLC raised its stake in General Mills by 11.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after purchasing an additional 85,612 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of General Mills by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after acquiring an additional 46,536 shares during the period. Ameriprise Financial Inc. raised its stake in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after acquiring an additional 2,341,137 shares during the period. Summit Financial LLC purchased a new stake in shares of General Mills in the fourth quarter valued at $486,000. Finally, Rock Point Advisors LLC purchased a new stake in shares of General Mills in the first quarter valued at $3,610,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GIS shares. Stifel Nicolaus reduced their target price on shares of General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Barclays cut their price target on shares of General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, June 26th. Bank of America cut their price target on shares of General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and cut their price target for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Finally, Royal Bank Of Canada upgraded shares of General Mills from a "sector perform" rating to an "outperform" rating and cut their price target for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $59.73.

General Mills Stock Down 0.3%

Shares of GIS stock traded down $0.16 during mid-day trading on Friday, hitting $50.13. 4,325,880 shares of the stock traded hands, compared to its average volume of 4,736,611. The stock has a market cap of $27.19 billion and a P/E ratio of 12.23. The stock's fifty day moving average is $53.05 and its two-hundred day moving average is $57.03. General Mills, Inc. has a 52-week low of $49.62 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. General Mills's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. Equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 4.87%. This is a boost from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is currently 59.51%.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.