General Mills, Inc. (GIS) Stake Lifted by Motco

Motco lifted its position in General Mills, Inc. (NYSE:GIS) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 61,279 shares of the company’s stock after purchasing an additional 1,537 shares during the period. Motco’s holdings in General Mills were worth $3,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Lenox Wealth Advisors Inc. lifted its stake in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares during the period. Cable Hill Partners LLC lifted its stake in General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after acquiring an additional 1,647 shares during the period. Tradewinds Capital Management LLC lifted its stake in General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after acquiring an additional 1,459 shares during the period. Winslow Evans & Crocker Inc. lifted its stake in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after acquiring an additional 69 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after acquiring an additional 627 shares during the period. Hedge funds and other institutional investors own 72.78% of the company’s stock.

General Mills, Inc. (GIS) opened at $55.84 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The stock has a market capitalization of $32,219.11, a PE ratio of 18.83, a PEG ratio of 2.11 and a beta of 0.66. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. research analysts expect that General Mills, Inc. will post 3.1 earnings per share for the current year.

Several equities analysts have commented on the company. Susquehanna Bancshares set a $56.00 price objective on General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BMO Capital Markets reissued a “market perform” rating and set a $57.00 price objective (down previously from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Piper Jaffray Companies reissued a “sell” rating and set a $53.00 price objective on shares of General Mills in a research report on Thursday, September 21st. Finally, Wells Fargo & Company lowered their price objective on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research report on Friday, September 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.60.

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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.

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

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