First Financial Corp IN continued to hold its stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,222 shares of the company’s stock at the close of the second quarter. First Financial Corp IN’s holdings in General Mills were worth $289,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. boosted its stake in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after purchasing an additional 15 shares during the period. Hanson McClain Inc. boosted its stake in shares of General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after purchasing an additional 35 shares during the period. Assetmark Inc. boosted its stake in shares of General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after purchasing an additional 253 shares during the period. IHT Wealth Management LLC boosted its stake in shares of General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after purchasing an additional 627 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of General Mills in the first quarter valued at $179,000. Institutional investors and hedge funds own 69.49% of the company’s stock.
GIS has been the subject of several analyst reports. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Credit Suisse Group reiterated a “neutral” rating and set a $56.00 price objective (down from $65.00) on shares of General Mills in a research note on Friday, May 19th. Morgan Stanley reiterated an “equal weight” rating and set a $55.00 price objective (down from $58.00) on shares of General Mills in a research note on Sunday, June 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $52.00 price objective (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $59.52.
Shares of General Mills, Inc. (NYSE GIS) traded down 0.117% during mid-day trading on Tuesday, hitting $55.715. 1,529,497 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $55.68 and a 200-day moving average price of $56.98. General Mills, Inc. has a 52 week low of $52.76 and a 52 week high of $66.53. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 20.114 and a beta of 0.62.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, topping 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 firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 EPS for the current year.
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About General Mills
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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