Mitsubishi UFJ Trust & Banking Corp Sells 103,123 Shares of General Mills, Inc. (GIS)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,276,281 shares of the company’s stock after selling 103,123 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.22% of General Mills worth $70,706,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. grew its position in shares of General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Hanson McClain Inc. grew its position in shares of General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares during the last quarter. Winslow Evans & Crocker Inc. grew its position in shares of General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after buying an additional 69 shares during the last quarter. Assetmark Inc. grew its position in shares of General Mills by 11.2% during the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after buying an additional 627 shares during the last quarter. 70.45% of the stock is owned by institutional investors and hedge funds.

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General Mills, Inc. (NYSE GIS) opened at 50.95 on Wednesday. The firm’s 50-day moving average is $53.66 and its 200-day moving average is $55.82. The firm has a market capitalization of $28.96 billion, a price-to-earnings ratio of 18.26 and a beta of 0.61. General Mills, Inc. has a 1-year low of $50.13 and a 1-year high of $64.06.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. On average, equities analysts anticipate that General Mills, Inc. will post $3.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, October 6th. General Mills’s dividend payout ratio (DPR) is currently 70.25%.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reaffirmed a “hold” rating and set a $67.00 price objective on shares of General Mills in a research report on Thursday, June 15th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed an “underweight” rating and set a $56.00 price objective (down previously from $57.00) on shares of General Mills in a research report on Monday, June 19th. Finally, UBS AG reaffirmed a “neutral” rating and set a $61.00 price objective (down previously from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.75.

General Mills Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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