IFP Advisors Inc raised its position in General Mills, Inc. (NYSE:GIS) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,645 shares of the company’s stock after buying an additional 896 shares during the quarter. IFP Advisors Inc’s holdings in General Mills were worth $2,141,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Flossbach Von Storch AG purchased a new position in shares of General Mills in the second quarter valued at $227,578,000. Morgan Stanley grew its position in shares of General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after purchasing an additional 1,603,577 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of General Mills by 26.1% in 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 purchasing an additional 1,449,632 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of General Mills by 17.0% in the first quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock valued at $268,283,000 after purchasing an additional 660,726 shares in the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.
General Mills, Inc. (GIS) opened at 55.38 on Wednesday. General Mills, Inc. has a 12-month low of $52.76 and a 12-month high of $65.57. The stock has a 50 day moving average price of $55.75 and a 200-day moving average price of $56.75. The stock has a market capitalization of $31.96 billion, a PE ratio of 19.99 and a beta of 0.62.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on GIS. UBS AG reiterated a “neutral” rating and issued a $61.00 price target (down from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $56.00 price target on General Mills and gave the company a “sell” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $58.00 price target on shares of General Mills in a research report on Tuesday. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Friday, September 15th. Finally, BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. General Mills currently has an average rating of “Hold” and an average price target of $59.11.
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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