Pinnacle Financial Partners Inc. Acquires 4,218 Shares of General Mills, Inc. (GIS)

Pinnacle Financial Partners Inc. grew its holdings in General Mills, Inc. (NYSE:GIS) by 40.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,642 shares of the company’s stock after buying an additional 4,218 shares during the period. Pinnacle Financial Partners Inc.’s holdings in General Mills were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GIS. Lenox Wealth Advisors Inc. grew its holdings 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. Cable Hill Partners LLC grew its holdings in shares of General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the period. Spectrum Management Group Inc. purchased a new stake in shares of General Mills in the third quarter valued at about $135,000. Finally, Winslow Evans & Crocker Inc. grew its holdings in shares of General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 72.78% of the company’s stock.

Shares of General Mills, Inc. (GIS) traded up $0.05 during mid-day trading on Tuesday, reaching $55.89. 3,303,300 shares of the company’s stock traded hands, compared to its average volume of 3,720,624. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $31,730.34, a price-to-earnings ratio of 18.55, a PEG ratio of 2.08 and a beta of 0.66. General Mills, Inc. has a one year low of $49.65 and a one year high of $64.06.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the business posted $0.78 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. sell-side analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

A number of brokerages recently issued reports on GIS. Bank of America dropped their price objective on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Citigroup reissued a “buy” rating and issued a $67.00 price objective on shares of General Mills in a report on Thursday, September 21st. Royal Bank of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of General Mills in a report on Wednesday, September 6th. BMO Capital Markets reissued a “hold” rating and issued a $60.00 price objective on shares of General Mills in a report on Wednesday, September 6th. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $58.00 price objective on shares of General Mills in a report on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $56.60.

TRADEMARK VIOLATION WARNING: “Pinnacle Financial Partners Inc. Acquires 4,218 Shares of General Mills, Inc. (GIS)” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/12/12/pinnacle-financial-partners-inc-acquires-4218-shares-of-general-mills-inc-gis.html.

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.

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

Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply