Toronto Dominion Bank Acquires 23,648 Shares of General Mills, Inc. (GIS)

Toronto Dominion Bank increased its holdings in General Mills, Inc. (NYSE:GIS) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,957 shares of the company’s stock after acquiring an additional 23,648 shares during the quarter. Toronto Dominion Bank’s holdings in General Mills were worth $11,331,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GIS. KDI Capital Partners LLC increased its holdings in shares of General Mills by 69.3% in the 1st quarter. KDI Capital Partners LLC now owns 33,700 shares of the company’s stock valued at $1,989,000 after acquiring an additional 13,800 shares during the period. Fort Pitt Capital Group LLC acquired a new position in shares of General Mills in the 1st quarter valued at $210,000. Global Financial Private Capital LLC acquired a new position in shares of General Mills in the 1st quarter valued at $6,945,000. Stephens Inc. AR increased its holdings in shares of General Mills by 0.9% in the 1st quarter. Stephens Inc. AR now owns 86,129 shares of the company’s stock valued at $5,082,000 after acquiring an additional 798 shares during the period. Finally, FDO Partners LLC acquired a new position in shares of General Mills in the 1st quarter valued at $833,000. 72.78% of the stock is currently owned by institutional investors and hedge funds.

General Mills, Inc. (NYSE GIS) opened at $57.21 on Tuesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $64.06. The firm has a market cap of $32,088.39, a price-to-earnings ratio of 18.76, a PEG ratio of 2.10 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share 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 analyst estimates of $3.79 billion. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. research analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current year.

GIS has been the topic of a number of recent research reports. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Thursday, September 21st. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Citigroup reissued a “buy” rating and issued a $67.00 price objective on shares of General Mills in a research note on Thursday, September 21st. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price objective (down from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of General Mills in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average 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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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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