Bronfman E.L. Rothschild L.P. increased its position in shares of General Mills, Inc. (NYSE:GIS) by 23.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,752 shares of the company’s stock after purchasing an additional 3,363 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in General Mills were worth $919,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Norinchukin Bank The increased its holdings in General Mills by 6.7% in the 3rd quarter. Norinchukin Bank The now owns 45,415 shares of the company’s stock valued at $2,351,000 after acquiring an additional 2,833 shares during the last quarter. D.A. Davidson & CO. increased its holdings in General Mills by 4.4% in the 3rd quarter. D.A. Davidson & CO. now owns 66,901 shares of the company’s stock valued at $3,462,000 after acquiring an additional 2,816 shares during the last quarter. Rodgers Brothers Inc. increased its holdings in General Mills by 34.9% in the 3rd quarter. Rodgers Brothers Inc. now owns 84,823 shares of the company’s stock valued at $4,390,000 after acquiring an additional 21,923 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in General Mills by 40.5% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 14,642 shares of the company’s stock valued at $758,000 after acquiring an additional 4,218 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in General Mills by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 137,984 shares of the company’s stock valued at $7,142,000 after acquiring an additional 5,612 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.
General Mills, Inc. (NYSE GIS) traded up $0.05 during mid-day trading on Tuesday, hitting $55.89. 3,303,300 shares of the company were exchanged, compared to its average volume of 3,720,624. General Mills, Inc. has a 52-week low of $49.65 and a 52-week 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 stock has a market cap of $31,730.34, a PE ratio of 18.55, a PEG ratio of 2.08 and a beta of 0.66.
General Mills (NYSE:GIS) last released 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). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. General Mills’s revenue for the quarter was down 3.6% on a year-over-year basis. equities research analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank of Canada set a $58.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Monday, October 23rd. Jefferies Group assumed coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 price target on the stock. Finally, Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $56.60.
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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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