Peoples Financial Services CORP. lifted its stake in General Mills, Inc. (NYSE:GIS) by 14.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,300 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Peoples Financial Services CORP.’s holdings in General Mills were worth $1,206,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. raised 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 valued at $180,000 after purchasing an additional 11 shares in the last quarter. Lenox Wealth Advisors Inc. raised its stake 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 valued at $102,000 after acquiring an additional 15 shares during the period. LLBH Private Wealth Management LLC raised its stake 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 valued at $241,000 after acquiring an additional 25 shares during the period. Davis R M Inc. raised its stake 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 valued at $233,000 after acquiring an additional 34 shares during the period. Finally, CFO4Life Group LLC raised its stake 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 valued at $212,000 after acquiring an additional 48 shares during the period. 72.78% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. Piper Jaffray Companies set a $56.00 target price on shares of General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. BMO Capital Markets restated a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Wells Fargo & Company cut their price target 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. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.60.
General Mills, Inc. (NYSE GIS) traded up $1.40 during trading hours on Monday, hitting $57.86. 6,296,127 shares of the stock were exchanged, compared to its average volume of 3,724,897. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06. The company has a market cap of $32,880.00, a PE ratio of 18.76, a P/E/G ratio of 2.10 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 data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. equities analysts expect that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
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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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