Robeco Institutional Asset Management B.V. Lowers Position in General Mills, Inc. (NYSE:GIS)

Robeco Institutional Asset Management B.V. cut its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 80.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,802 shares of the company's stock after selling 539,549 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in General Mills were worth $7,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Value Partners Investments Inc. acquired a new position in General Mills in the 1st quarter valued at $3,532,000. Perigon Wealth Management LLC increased its stake in shares of General Mills by 15.1% during the first quarter. Perigon Wealth Management LLC now owns 19,505 shares of the company's stock worth $1,166,000 after acquiring an additional 2,565 shares during the period. Alpine Bank Wealth Management purchased a new position in General Mills during the first quarter worth about $660,000. Golden State Wealth Management LLC lifted its position in General Mills by 150.7% in the first quarter. Golden State Wealth Management LLC now owns 945 shares of the company's stock valued at $57,000 after purchasing an additional 568 shares during the period. Finally, Aurora Private Wealth Inc. acquired a new position in General Mills during the 1st quarter worth approximately $3,643,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Trading Up 2.0%

Shares of NYSE:GIS traded up $1.05 during trading on Tuesday, reaching $52.86. The stock had a trading volume of 1,138,437 shares, compared to its average volume of 5,523,626. 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 stock has a market cap of $28.67 billion, a P/E ratio of 12.90, a PEG ratio of 1.27 and a beta of 0.02. The business has a fifty day moving average price of $54.22 and a 200-day moving average price of $58.15. General Mills, Inc. has a fifty-two week low of $50.19 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.01 EPS. General Mills's revenue was down 3.3% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Thursday, July 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.62%. This is a positive change from General Mills's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, July 10th. General Mills's dividend payout ratio (DPR) is presently 52.75%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GIS. Mizuho cut their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Royal Bank Of Canada upgraded General Mills from a "sector perform" rating to an "outperform" rating and lowered their price target for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Morgan Stanley reiterated an "underweight" rating and set a $51.00 target price (down from $53.00) on shares of General Mills in a research report on Tuesday, June 24th. Stifel Nicolaus dropped their price target on General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, General Mills currently has an average rating of "Hold" and an average target price of $59.73.

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.