Sii Investments Inc. WI grew its holdings in General Mills, Inc. (NYSE:GIS) by 15.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,652 shares of the company’s stock after acquiring an additional 1,777 shares during the quarter. Sii Investments Inc. WI’s holdings in General Mills were worth $709,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in GIS. Vanguard Group Inc. grew its holdings in shares of General Mills by 1.4% during the second quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after buying an additional 533,919 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of General Mills by 15.9% during the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after buying an additional 1,550,074 shares in the last quarter. American International Group Inc. boosted its position in General Mills by 1,708.4% during the third quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after purchasing an additional 8,528,534 shares during the last quarter. Bank of New York Mellon Corp boosted its position in General Mills by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock valued at $387,691,000 after purchasing an additional 890,262 shares during the last quarter. Finally, Morgan Stanley boosted its position in General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after purchasing an additional 1,603,577 shares during the last quarter. Institutional investors own 72.78% of the company’s stock.
Several research analysts recently commented on the company. Susquehanna Bancshares set a $57.00 price target on General Mills and gave the company a “hold” rating in a research report on Wednesday. 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 target (down 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 target on shares of General Mills in a research report on Thursday, September 21st. Finally, Wells Fargo & Company reduced their price target 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 research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $56.66.
Shares of General Mills, Inc. (GIS) opened at $56.89 on Friday. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $63.74. The stock has a market capitalization of $32,332.80, a P/E ratio of 18.90, a PEG ratio of 2.12 and a beta of 0.66. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $3.79 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. sell-side analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current year.
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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