Somerville Kurt F lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,509 shares of the company’s stock after selling 4,245 shares during the quarter. Somerville Kurt F’s holdings in General Mills were worth $1,890,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lenox Wealth Management Inc. raised its holdings 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 in the last quarter. Lenox Wealth Advisors Inc. raised its holdings 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 in the last quarter. LLBH Private Wealth Management LLC raised its holdings 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 in the last quarter. Davis R M Inc. raised its holdings 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 in the last quarter. Finally, CFO4Life Group LLC increased its holdings in shares of General Mills by 1.3% in the 2nd 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 owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Susquehanna Bancshares reissued a “hold” rating and issued a $58.00 price objective on shares of General Mills in a research note on Tuesday, September 19th. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets restated a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Four 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.
General Mills, Inc. (NYSE:GIS) traded up $1.40 during midday trading on Tuesday, hitting $57.86. 6,296,100 shares of the stock were exchanged, compared to its average volume of 3,724,897. The firm has a market cap of $32,088.39, a P/E ratio of 18.76, a P/E/G ratio of 2.10 and a beta of 0.66. General Mills, Inc. has a one year low of $49.65 and a one 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.
General Mills (NYSE:GIS) last posted its 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). 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 revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal 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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