General Mills, Inc. (NYSE:GIS) Shares Sold by SNS Financial Group LLC

SNS Financial Group LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,416 shares of the company’s stock after selling 2,521 shares during the period. SNS Financial Group LLC’s holdings in General Mills were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors Inc. raised its holdings in shares of 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. Winslow Evans & Crocker Inc. increased its holdings in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after buying an additional 69 shares in the last quarter. Hanson McClain Inc. increased its holdings in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares in the last quarter. IHT Wealth Management LLC increased its holdings in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after buying an additional 627 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares in the last quarter. 70.39% of the stock is owned by hedge funds and other institutional investors.

General Mills, Inc. (NYSE GIS) opened at 51.57 on Friday. The firm’s 50-day moving average is $52.72 and its 200 day moving average is $55.30. The firm has a market cap of $29.31 billion, a PE ratio of 18.48 and a beta of 0.61. General Mills, Inc. has a 12-month low of $50.13 and a 12-month high of $64.06.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Equities research analysts predict that General Mills, Inc. will post $3.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.49 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.80%. General Mills’s payout ratio is 70.25%.

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GIS has been the topic of several research analyst reports. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $57.00 target price (down previously from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $52.00 target price (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Finally, Piper Jaffray Companies reiterated a “sell” rating and issued a $53.00 target price on shares of General Mills in a research report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.60.

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.

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

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