Victory Capital Management Inc. Has $31.25 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Victory Capital Management Inc. boosted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 7.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 522,576 shares of the company's stock after purchasing an additional 35,494 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of General Mills worth $31,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in shares of General Mills during the 4th quarter worth $32,000. Perkins Coie Trust Co lifted its stake in shares of General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in General Mills during the 1st quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL raised its holdings in General Mills by 1,096.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 598 shares of the company's stock valued at $39,000 after buying an additional 548 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in General Mills during the fourth quarter valued at approximately $38,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Trading Down 1.9%

Shares of NYSE:GIS traded down $0.96 during mid-day trading on Monday, reaching $49.14. The stock had a trading volume of 6,257,854 shares, compared to its average volume of 4,752,203. The firm has a 50 day simple moving average of $53.05 and a two-hundred day simple moving average of $56.94. General Mills, Inc. has a twelve month low of $49.05 and a twelve month high of $75.90. The firm has a market cap of $26.66 billion and a PE ratio of 11.90. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $4.56 billion for 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 company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. On average, research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.97%. 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 is currently 59.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of General Mills from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Stifel Nicolaus lowered their price objective on General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, June 26th. UBS Group reduced their target price on General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a report on Thursday, June 26th. Wells Fargo & Company set a $53.00 price target on General Mills and gave the company an "equal weight" rating in a report on Thursday, June 26th. Finally, Barclays reduced their price objective on General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.