Welch Investments LLC Has $4.14 Million Holdings in General Mills, Inc. (GIS)

Welch Investments LLC raised its stake in General Mills, Inc. (NYSE:GIS) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,912 shares of the company’s stock after acquiring an additional 8,379 shares during the period. General Mills comprises about 2.9% of Welch Investments LLC’s investment portfolio, making the stock its 29th largest position. Welch Investments LLC’s holdings in General Mills were worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in GIS. Lenox Wealth Advisors Inc. boosted its stake in 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 purchasing an additional 15 shares in the last quarter. Cable Hill Partners LLC lifted its stake in shares of General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares during the period. Tradewinds Capital Management LLC lifted its stake in shares of General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after acquiring an additional 1,459 shares during the period. Winslow Evans & Crocker Inc. lifted its stake in shares of General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after acquiring an additional 69 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in shares of General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after acquiring an additional 627 shares during the period. Hedge funds and other institutional investors own 72.78% of the company’s stock.

General Mills, Inc. (NYSE GIS) traded down $0.72 during trading on Friday, reaching $56.69. The company’s stock had a trading volume of 3,129,900 shares, compared to its average volume of 3,721,247. General Mills, Inc. has a 12-month low of $49.65 and a 12-month 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 company has a market cap of $32,220.00, a price-to-earnings ratio of 19.07, a PEG ratio of 2.14 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business earned $0.78 EPS. General Mills’s revenue was down 3.6% on a year-over-year basis. equities analysts expect that General Mills, Inc. will post 3.1 earnings per share for the current year.

Several equities analysts have recently issued reports on GIS shares. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $60.00 price objective on shares of General Mills in a report on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of General Mills in a report on Wednesday, September 6th. Finally, Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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.

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

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