Cambridge Investment Research Advisors Inc. Sells 5,537 Shares of General Mills, Inc. (NYSE:GIS)

Cambridge Investment Research Advisors Inc. reduced its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,703 shares of the company's stock after selling 5,537 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in General Mills were worth $7,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIS. O Shaughnessy Asset Management LLC raised its holdings 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 worth $53,211,000 after acquiring an additional 85,612 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of General Mills by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock worth $30,900,000 after purchasing an additional 46,536 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after buying an additional 2,341,137 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of General Mills by 7.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock valued at $4,652,000 after buying an additional 4,839 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of General Mills by 15.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock valued at $2,749,000 after buying an additional 5,853 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of General Mills from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday. Wall Street Zen cut General Mills from a "hold" rating to a "sell" rating in a report on Friday. Mizuho dropped their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Royal Bank Of Canada raised General Mills from a "sector perform" rating to an "outperform" rating and decreased their target price for the stock from $67.00 to $63.00 in a report on Thursday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $59.73.

General Mills Stock Performance

Shares of General Mills stock traded up $1.34 during trading on Monday, reaching $51.86. The company's stock had a trading volume of 7,555,842 shares, compared to its average volume of 4,593,740. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The business's 50-day moving average price is $54.22 and its 200-day moving average price is $58.15. General Mills, Inc. has a 52 week low of $50.19 and a 52 week high of $75.90. The firm has a market cap of $28.13 billion, a PE ratio of 12.65, a P/E/G ratio of 1.27 and a beta of 0.02.

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

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Thursday, July 10th. This is a positive change from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is 52.75%.

General Mills Profile

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.