ST Germain D J Co. Inc. Has $787,000 Holdings in General Mills, Inc. (GIS)

ST Germain D J Co. Inc. raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 13.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,210 shares of the company’s stock after purchasing an additional 1,643 shares during the period. ST Germain D J Co. Inc.’s holdings in General Mills were worth $787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of General Mills by 3.1% during the first quarter. American Century Companies Inc. now owns 9,086,471 shares of the company’s stock valued at $536,193,000 after acquiring an additional 269,906 shares in the last quarter. Morgan Stanley increased its position in shares of General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after acquiring an additional 1,603,577 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of General Mills by 26.1% during the first quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock valued at $413,862,000 after acquiring an additional 1,449,632 shares in the last quarter. Geode Capital Management LLC increased its position in shares of General Mills by 5.3% during the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock valued at $342,642,000 after acquiring an additional 295,119 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in shares of General Mills by 0.6% during the first quarter. APG Asset Management N.V. now owns 4,728,629 shares of the company’s stock valued at $279,036,000 after acquiring an additional 26,500 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on GIS shares. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target for the company in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, June 29th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $59.11.

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Shares of General Mills, Inc. (NYSE:GIS) opened at 55.80 on Friday. The company has a 50-day moving average of $55.73 and a 200 day moving average of $56.87. General Mills, Inc. has a one year low of $52.76 and a one year high of $65.57. The stock has a market cap of $32.20 billion, a PE ratio of 20.14 and a beta of 0.62.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $0.66 EPS. General Mills’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current year.

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

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