General Mills, Inc. (GIS) Shares Bought by Delta Asset Management LLC TN

Delta Asset Management LLC TN increased its position in shares of General Mills, Inc. (NYSE:GIS) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 305,907 shares of the company’s stock after buying an additional 1,906 shares during the period. General Mills accounts for approximately 2.6% of Delta Asset Management LLC TN’s portfolio, making the stock its 16th largest position. Delta Asset Management LLC TN’s holdings in General Mills were worth $16,947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lenox Wealth Advisors Inc. raised its position in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Cribstone Capital Management LLC raised its position in shares of General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. Commonwealth Financial Services LLC raised its position in shares of General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after buying an additional 69 shares in the last quarter. Finally, Hanson McClain Inc. raised its position in shares of General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares in the last quarter. 70.97% of the stock is owned by institutional investors and hedge funds.

General Mills, Inc. (NYSE:GIS) traded up 0.53% during mid-day trading on Friday, hitting $56.59. 3,702,017 shares of the stock traded hands. General Mills, Inc. has a 52 week low of $53.24 and a 52 week high of $71.96. The firm has a market cap of $32.66 billion, a P/E ratio of 20.43 and a beta of 0.61. The firm’s 50-day moving average price is $55.00 and its 200-day moving average price is $57.96.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post $3.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This is a positive change from General Mills’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 3.46%. General Mills’s dividend payout ratio is currently 70.76%.

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A number of brokerages have recently commented on GIS. Royal Bank Of Canada cut their price objective on shares of General Mills from $65.00 to $62.00 and set a “sector perform” rating for the company in a research report on Thursday, June 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday. UBS AG reaffirmed a “neutral” rating and set a $58.00 price objective (down previously from $61.00) on shares of General Mills in a research report on Friday, June 30th. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research report on Wednesday, May 24th. Finally, 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. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average target price of $59.93.

About General Mills

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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