General Mills, Inc. (GIS) Position Raised by Financial Counselors Inc.

Financial Counselors Inc. boosted its stake in General Mills, Inc. (NYSE:GIS) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,863 shares of the company’s stock after purchasing an additional 2,194 shares during the quarter. Financial Counselors Inc.’s holdings in General Mills were worth $9,983,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lenox Wealth Advisors Inc. grew its stake in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC grew its stake in General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after buying an additional 1,647 shares during the period. Grove Bank & Trust grew its stake in General Mills by 322.7% during the third quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after buying an additional 1,878 shares during the period. Tradewinds Capital Management LLC grew its stake in General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after buying an additional 1,459 shares during the period. Finally, Spectrum Management Group Inc. purchased a new stake in General Mills during the third quarter worth approximately $135,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.

GIS has been the topic of a number of recent research reports. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BMO Capital Markets reissued a “hold” rating and set a $60.00 target price on shares of General Mills in a research report on Wednesday, September 6th. Royal Bank of Canada reissued a “hold” rating and set a $62.00 target price on shares of General Mills in a research report on Wednesday, September 6th. Finally, Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.38.

Shares of General Mills, Inc. (NYSE:GIS) opened at $57.63 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.73. The firm has a market cap of $32,849.96, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66.

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

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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.

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

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