KG&L Capital Management LLC Sells 16,826 Shares of General Mills, Inc. (NYSE:GIS)

KG&L Capital Management LLC cut its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 73.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,063 shares of the company's stock after selling 16,826 shares during the quarter. KG&L Capital Management LLC's holdings in General Mills were worth $367,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its holdings in shares of General Mills by 11.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after acquiring an additional 85,612 shares in the last quarter. Franklin Resources Inc. grew its stake in General Mills by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock valued at $30,900,000 after purchasing an additional 46,536 shares during the period. Ameriprise Financial Inc. increased its position in shares of General Mills by 34.5% during the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock valued at $581,903,000 after purchasing an additional 2,341,137 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of General Mills by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock worth $4,652,000 after purchasing an additional 4,839 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of General Mills by 15.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock worth $2,749,000 after buying an additional 5,853 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GIS shares. UBS Group decreased their price objective on shares of General Mills from $54.00 to $52.00 and set a "sell" rating for the company in a report on Friday, June 6th. Barclays reduced their price objective on General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Citigroup dropped their price target on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Royal Bank Of Canada restated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Finally, Morgan Stanley cut their target price on shares of General Mills from $53.00 to $51.00 and set an "underweight" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.63.

General Mills Stock Down 5.0%

Shares of NYSE:GIS opened at $50.74 on Thursday. The firm has a market capitalization of $27.97 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.27 and a beta of 0.02. The stock has a 50 day moving average price of $54.62 and a 200-day moving average price of $58.57. General Mills, Inc. has a 52-week low of $50.66 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.44 and a current ratio of 0.67.

General Mills (NYSE:GIS - Get Free Report) last announced its 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 net margin of 13.02% and a return on equity of 26.39%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed 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. This represents a $2.44 annualized dividend and a yield of 4.81%. General Mills's dividend payout ratio is 52.75%.

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.

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