General Mills, Inc. (NYSE:GIS) was the recipient of a significant growth in short interest during the month of December. As of December 29th, there was short interest totalling 32,176,715 shares, a growth of 6.7% from the December 15th total of 30,147,369 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average trading volume of 4,545,069 shares, the short-interest ratio is currently 7.1 days.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now owns 36,089 shares of the company’s stock, valued at $2,143,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GIS. American International Group Inc. increased its stake in shares of General Mills by 1,708.4% during the third quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after acquiring an additional 8,528,534 shares during the period. Janus Henderson Group PLC increased its stake in shares of General Mills by 3,178.6% during the second quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after acquiring an additional 2,531,664 shares during the period. Federated Investors Inc. PA increased its stake in shares of General Mills by 94.6% during the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares during the period. Stifel Financial Corp increased its stake in shares of General Mills by 28,570.2% during the third quarter. Stifel Financial Corp now owns 1,671,471 shares of the company’s stock valued at $86,610,000 after acquiring an additional 1,665,641 shares during the period. Finally, American Century Companies Inc. boosted its holdings in General Mills by 15.9% during the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after buying an additional 1,550,074 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

Several equities research analysts have commented on the stock. Wells Fargo & Co dropped their price target on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a research note on Friday, September 22nd. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a research note on Wednesday, January 3rd. Edward Jones restated a “hold” rating on shares of General Mills in a research note on Wednesday, December 20th. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. General Mills presently has a consensus rating of “Hold” and an average price target of $58.17.

General Mills (NYSE:GIS) opened at $57.85 on Tuesday. General Mills has a 12 month low of $49.65 and a 12 month high of $63.73. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. The company has a market cap of $32,920.00, a P/E ratio of 21.19, a P/E/G ratio of 2.55 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts expect that General Mills will post 3.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.39%. General Mills’s dividend payout ratio is presently 71.79%.

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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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