General Mills, Inc. (GIS) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its stake in General Mills, Inc. (NYSE:GIS) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,785 shares of the company’s stock after selling 8,813 shares during the period. Eagle Asset Management Inc. owned approximately 0.06% of General Mills worth $17,086,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GIS. Lenox Wealth Management Inc. grew its position in shares of General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after acquiring an additional 11 shares during the period. Lenox Wealth Advisors Inc. grew its position in shares of General Mills by 0.8% during the 2nd 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 grew its position in shares of General Mills by 0.6% during the 2nd 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. grew its position in shares of General Mills by 0.8% during the 2nd 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 grew its position in shares of General Mills by 1.3% during 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.

General Mills, Inc. (GIS) traded up $0.41 during trading on Thursday, hitting $56.47. 4,274,000 shares of the stock were exchanged, compared to its average volume of 3,719,034. 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 $32,090.00, a P/E ratio of 18.63, a PEG ratio of 2.09 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. sell-side analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current year.

GIS has been the topic of a number of analyst reports. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BMO Capital Markets restated a “hold” rating and set a $60.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Royal Bank of Canada restated a “hold” rating and set a $62.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Finally, Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.66.

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

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