IFM Investors Pty Ltd Raises Position in General Mills, Inc. (NYSE:GIS)

IFM Investors Pty Ltd raised its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,390 shares of the company's stock after buying an additional 10,972 shares during the period. IFM Investors Pty Ltd's holdings in General Mills were worth $6,839,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GIS. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills in the fourth quarter worth $30,000. Transce3nd LLC bought a new stake in General Mills during the fourth quarter valued at about $32,000. VSM Wealth Advisory LLC bought a new stake in General Mills during the fourth quarter valued at about $32,000. Perkins Coie Trust Co lifted its stake in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after buying an additional 211 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of General Mills in the first quarter valued at about $34,000. Institutional investors own 75.71% of the company's stock.

General Mills Trading Down 0.1%

General Mills stock traded down $0.07 during trading hours on Tuesday, reaching $51.77. 2,109,915 shares of the company's stock were exchanged, compared to its average volume of 5,591,765. 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 firm's 50 day simple moving average is $53.85 and its 200 day simple moving average is $57.75. General Mills, Inc. has a twelve month low of $50.19 and a twelve month high of $75.90. The firm has a market capitalization of $28.08 billion and a PE ratio of 12.63.

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

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.61 dividend. This is a boost from General Mills's previous quarterly dividend of $0.60. The ex-dividend date is Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 4.71%. General Mills's dividend payout ratio (DPR) is presently 59.51%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GIS shares. Morgan Stanley reissued an "underweight" rating and issued a $51.00 price target (down previously from $53.00) on shares of General Mills in a research report on Tuesday, June 24th. Wall Street Zen lowered General Mills from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Stifel Nicolaus reduced their price target on General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, Barclays reduced their target price on General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, June 26th. 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 stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of "Hold" and an average price target of $59.73.

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.