Hills Bank & Trust Co. Sells 3,015 Shares of General Mills, Inc. (NYSE:GIS)

Hills Bank & Trust Co. reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,992 shares of the company’s stock after selling 3,015 shares during the quarter. Hills Bank & Trust Co.’s holdings in General Mills were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of General Mills by 3.1% during the first quarter. American Century Companies Inc. now owns 9,086,471 shares of the company’s stock worth $536,193,000 after buying an additional 269,906 shares in the last quarter. Morgan Stanley grew its holdings in shares of General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after buying an additional 1,603,577 shares in the last quarter. Bank of New York Mellon Corp lifted its position in General Mills by 26.1% during the first quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock valued at $413,862,000 after buying an additional 1,449,632 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Mills by 5.3% during the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock valued at $342,642,000 after purchasing an additional 295,119 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of General Mills by 0.6% in the first quarter. APG Asset Management N.V. now owns 4,728,629 shares of the company’s stock worth $279,036,000 after buying an additional 26,500 shares during the last quarter. Hedge funds and other institutional investors own 69.49% of the company’s stock.

GIS has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies started coverage on shares of General Mills in a research note on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 price target for the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $59.00 target price (down previously from $62.00) on shares of General Mills in a research note on Tuesday, May 30th. BMO Capital Markets reissued a “hold” rating and set a $67.00 price target on shares of General Mills in a report on Thursday, June 15th. Finally, BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Four 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’s stock. General Mills has an average rating of “Hold” and an average target price of $59.11.

Shares of General Mills, Inc. (NYSE GIS) traded up 1.36% on Friday, hitting $55.80. The company had a trading volume of 4,350,245 shares. The company has a market capitalization of $32.20 billion, a P/E ratio of 20.14 and a beta of 0.62. The firm has a 50-day moving average price of $55.73 and a 200 day moving average price of $56.87. General Mills, Inc. has a 12-month low of $52.76 and a 12-month high of $65.57.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. General Mills’s revenue was down 3.1% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post $3.11 EPS for the current year.

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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.

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

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