Sumitomo Mitsui Trust Holdings Inc. Trims Position in General Mills, Inc. (GIS)

Sumitomo Mitsui Trust Holdings Inc. cut its position in shares of General Mills, Inc. (NYSE:GIS) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,730,287 shares of the company’s stock after selling 47,622 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of General Mills worth $89,560,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Lenox Wealth Management Inc. raised its holdings in shares of General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares during the last quarter. Lenox Wealth Advisors Inc. raised 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 acquiring an additional 15 shares during the last quarter. LLBH Private Wealth Management LLC raised its holdings in shares of General Mills by 0.6% in the second quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares during the last quarter. Davis R M Inc. raised its holdings in shares of General Mills by 0.8% in the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after acquiring an additional 34 shares during the last quarter. Finally, CFO4Life Group LLC raised its holdings in shares of General Mills by 1.3% in the second quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after acquiring an additional 48 shares during the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

General Mills, Inc. (NYSE:GIS) traded up $0.16 during mid-day trading on Thursday, reaching $57.41. The company’s stock had a trading volume of 2,973,400 shares, compared to its average volume of 3,723,763. General Mills, Inc. has a 1 year low of $49.65 and a 1 year high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a market capitalization of $32,537.38, a P/E ratio of 19.02, a PEG ratio of 2.13 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ 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 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 firm posted $0.78 EPS. General Mills’s revenue was down 3.6% on a year-over-year basis. equities analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on GIS. Bank of America cut their price target on General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Citigroup reissued a “buy” rating and issued a $67.00 price target on shares of General Mills in a report on Thursday, September 21st. Royal Bank Of Canada reissued 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 reissued 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 reissued a “hold” rating and issued a $58.00 price target on shares of General Mills in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. General Mills presently has a consensus rating of “Hold” and a consensus price target of $56.60.

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About General Mills

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

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