General Mills, Inc. (NYSE:GIS) Position Maintained by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. held its stake in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 10,964 shares of the company’s stock at the end of the first quarter. Lowe Brockenbrough & Co. Inc.’s holdings in General Mills were worth $647,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First City Capital Management Inc. raised its stake in shares of General Mills by 0.3% in the first quarter. First City Capital Management Inc. now owns 49,902 shares of the company’s stock valued at $2,945,000 after buying an additional 125 shares during the period. Summit Global Investments raised its stake in shares of General Mills by 8.4% in the first quarter. Summit Global Investments now owns 93,437 shares of the company’s stock valued at $5,514,000 after buying an additional 7,277 shares during the period. Bragg Financial Advisors Inc raised its stake in shares of General Mills by 0.8% in the first quarter. Bragg Financial Advisors Inc now owns 28,520 shares of the company’s stock valued at $1,683,000 after buying an additional 233 shares during the period. Bfsg LLC acquired a new stake in shares of General Mills during the first quarter valued at $2,843,000. Finally, First Financial Equity Corporation acquired a new stake in shares of General Mills during the first quarter valued at $226,000. Institutional investors and hedge funds own 71.46% of the company’s stock.

General Mills, Inc. (GIS) traded up 1.18% during midday trading on Monday, hitting $57.26. 762,307 shares of the company were exchanged. The stock has a market capitalization of $33.04 billion, a PE ratio of 20.67 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, Inc. has a one year low of $53.24 and a one year high of $71.96.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping the 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 business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $0.66 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that General Mills, Inc. will post $3.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 6th. This is an increase 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 (DPR) is currently 70.76%.

Several analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Piper Jaffray Companies set a $56.00 target price on shares of General Mills and gave the company a “sell” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $58.00 target price (down from $59.00) on shares of General Mills in a research report on Friday, June 30th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.93.

General Mills Company 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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