General Mills, Inc. (NYSE:GIS) Stock Holdings Boosted by IFM Investors Pty Ltd

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Calamos Advisors LLC raised its position in shares of General Mills by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 163,418 shares of the company's stock valued at $9,771,000 after purchasing an additional 1,820 shares in the last quarter. Conning Inc. raised its holdings in General Mills by 4.6% in the first quarter. Conning Inc. now owns 4,212 shares of the company's stock valued at $252,000 after acquiring an additional 185 shares in the last quarter. Aurora Private Wealth Inc. bought a new position in General Mills during the 1st quarter valued at $3,643,000. Principal Financial Group Inc. boosted its stake in General Mills by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 776,809 shares of the company's stock valued at $46,445,000 after acquiring an additional 17,289 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in General Mills by 126.1% during the 1st quarter. Mutual Advisors LLC now owns 62,712 shares of the company's stock worth $3,521,000 after acquiring an additional 34,973 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Wall Street Analyst Weigh In

GIS has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Jefferies Financial Group increased their target price on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Morgan Stanley reiterated an "underweight" rating and issued a $51.00 price target (down from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Stifel Nicolaus reduced their price objective on General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Finally, Bank of America lowered their target price on shares of General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, General Mills has a consensus rating of "Hold" and an average price target of $59.73.

General Mills Stock Performance

NYSE:GIS traded down $1.36 during mid-day trading on Monday, hitting $51.79. The stock had a trading volume of 8,130,036 shares, compared to its average volume of 4,666,409. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The company has a 50 day simple moving average of $53.93 and a 200-day simple moving average of $57.83. The stock has a market capitalization of $28.09 billion and a price-to-earnings ratio of 12.63. General Mills, Inc. has a 52 week low of $50.19 and a 52 week high of $75.90.

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

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.71%. This is a positive change from General Mills's previous quarterly dividend of $0.60. The ex-dividend date is Thursday, July 10th. General Mills's dividend payout ratio (DPR) is 58.54%.

General Mills Company 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.