Donaldson Capital Management LLC Has $368,000 Stake in General Mills, Inc. (NYSE:GIS)

Donaldson Capital Management LLC lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 33.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,242 shares of the company’s stock after selling 3,201 shares during the period. Donaldson Capital Management LLC’s holdings in General Mills were worth $368,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Lenox Wealth Advisors Inc. raised its stake in shares of General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock valued at $107,000 after buying an additional 14 shares in the last quarter. Cribstone Capital Management LLC raised its stake 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 valued at $116,000 after buying an additional 1,480 shares in the last quarter. Commonwealth Financial Services LLC raised its stake 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 valued at $130,000 after buying an additional 2,058 shares in the last quarter. Hanson McClain Inc. raised its stake 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 valued at $138,000 after buying an additional 35 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 71.46% of the company’s stock.

General Mills, Inc. (NYSE GIS) traded up 0.38% during midday trading on Wednesday, reaching $57.53. The company had a trading volume of 2,785,837 shares. The firm’s 50 day moving average is $55.08 and its 200 day moving average is $57.81. The stock has a market capitalization of $33.20 billion, a PE ratio of 20.77 and a beta of 0.61. General Mills, Inc. has a 1-year low of $53.24 and a 1-year high of $71.96.

General Mills (NYSE:GIS) last announced 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 firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 EPS for the current fiscal year.

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.41%. General Mills’s payout ratio is presently 70.76%.

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A number of equities analysts recently issued reports on the company. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $58.98 target price for the company in a research note on Monday, May 1st. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. UBS AG restated a “neutral” rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a research note on Wednesday, June 21st. Piper Jaffray Companies reaffirmed an “underweight” rating and set a $56.00 price target (down from $57.00) on shares of General Mills in a research report on Monday, June 19th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $58.00 price target (down from $59.00) on shares of General Mills in a research report on Friday, June 30th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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.

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

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