Schwab Charles Investment Management Inc. Has $152.05 Million Stake in General Mills, Inc. (GIS)

Schwab Charles Investment Management Inc. lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,937,580 shares of the company’s stock after buying an additional 93,369 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.52% of General Mills worth $152,050,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GIS. Lenox Wealth Management Inc. lifted its stake in General Mills by 0.3% during the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after purchasing an additional 11 shares during the last quarter. Lenox Wealth Advisors Inc. lifted its stake in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares during the last quarter. LLBH Private Wealth Management LLC lifted its stake in General Mills by 0.6% during the second quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after purchasing an additional 25 shares during the last quarter. Davis R M Inc. lifted its stake in General Mills by 0.8% during the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after purchasing an additional 34 shares during the last quarter. Finally, CFO4Life Group LLC lifted its stake in General Mills by 1.3% during the second quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after purchasing an additional 48 shares during the last quarter. 72.78% of the stock is owned by institutional investors and hedge funds.

Shares of General Mills, Inc. (NYSE:GIS) opened at $56.89 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market capitalization of $31,900.84, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $63.74.

General Mills (NYSE:GIS) last posted its 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 firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company posted $0.78 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. equities research analysts forecast that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

GIS has been the subject of a number of research reports. Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $57.00 price objective (down previously from $60.00) on shares of General Mills in a research note on Thursday, September 21st. Piper Jaffray Companies reiterated a “sell” rating and issued a $53.00 price objective on shares of General Mills in a research note on Thursday, September 21st. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $53.00 price objective on shares of General Mills in a research note on Monday, September 25th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. General Mills currently has a consensus rating of “Hold” and an average price target of $56.66.

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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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