State Treasurer State of Michigan lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,138 shares of the company’s stock after selling 14,200 shares during the quarter. State Treasurer State of Michigan’s holdings in General Mills were worth $9,065,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Lenox Wealth Advisors Inc. lifted its holdings in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in shares of General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after buying an additional 69 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after buying an additional 627 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of General Mills in the second quarter worth about $158,000. Finally, Lenox Wealth Management Inc. raised its stake in General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 72.78% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Bank of America lowered their target price on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, September 21st. Citigroup reissued a “buy” rating and set a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 price target on shares of General Mills in a report on Wednesday, September 6th. BMO Capital Markets reiterated a “hold” rating and issued a $60.00 price target on shares of General Mills in a report on Wednesday, September 6th. Finally, Susquehanna Bancshares restated a “hold” rating and set a $58.00 target price on shares of General Mills in a report on Tuesday, September 19th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.60.
Shares of General Mills, Inc. (NYSE GIS) traded up $0.16 on Wednesday, hitting $57.41. The stock had a trading volume of 2,973,445 shares, compared to its average volume of 3,723,752. The stock has a market cap of $32,884.07, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06. 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 issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the company earned $0.78 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. analysts expect that General Mills, Inc. will post 3.1 earnings per share for the current year.
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General Mills 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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