Bollard Group LLC boosted its holdings in General Mills, Inc. (NYSE:GIS) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,583 shares of the company’s stock after buying an additional 2,607 shares during the quarter. Bollard Group LLC’s holdings in General Mills were worth $2,618,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bremer Trust National Association grew its position in shares of General Mills by 12.0% during the 3rd quarter. Bremer Trust National Association now owns 12,677 shares of the company’s stock worth $656,000 after buying an additional 1,360 shares during the period. Van Cleef Asset Management Inc grew its position in shares of General Mills by 36.8% during the 3rd quarter. Van Cleef Asset Management Inc now owns 10,224 shares of the company’s stock worth $529,000 after buying an additional 2,748 shares during the period. Victory Capital Management Inc. grew its position in shares of General Mills by 25.5% during the 3rd quarter. Victory Capital Management Inc. now owns 188,180 shares of the company’s stock worth $9,740,000 after buying an additional 38,295 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of General Mills during the 3rd quarter worth approximately $9,875,000. Finally, Benedict Financial Advisors Inc. grew its position in shares of General Mills by 2.1% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 65,628 shares of the company’s stock worth $3,397,000 after buying an additional 1,379 shares during the period. Institutional investors and hedge funds own 72.78% of the company’s stock.
Several analysts recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Wells Fargo & Company cut their price objective on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a report on Friday, September 22nd. Susquehanna Bancshares set a $56.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of General Mills in a report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.60.
Shares of General Mills, Inc. (GIS) traded down $0.61 during trading on Wednesday, reaching $57.25. The company had a trading volume of 4,209,800 shares, compared to its average volume of 3,726,970. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $64.06. The company has a market cap of $32,884.07, a PE ratio of 19.22, a P/E/G ratio of 2.16 and a beta of 0.66. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. research analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
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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