First Financial Bank Trust Division grew its position in shares of General Mills, Inc. (NYSE:GIS) by 13.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,106 shares of the company’s stock after purchasing an additional 1,986 shares during the period. First Financial Bank Trust Division’s holdings in General Mills were worth $948,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Lenox Wealth Advisors Inc. lifted 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 purchasing an additional 15 shares during the last quarter. Hanson McClain Inc. lifted its stake in shares of General Mills by 1.5% in the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after acquiring an additional 35 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of General Mills by 33.4% in the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after acquiring an additional 627 shares during the last quarter. Assetmark Inc. lifted its stake in shares of General Mills by 11.2% in the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after acquiring an additional 253 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of General Mills in the 1st quarter valued at about $179,000. 69.38% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts have recently weighed in on the company. BidaskClub raised General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BMO Capital Markets reissued a “hold” rating and issued a $67.00 target price on shares of General Mills in a research note on Thursday, June 15th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $59.00 price target (down previously from $62.00) on shares of General Mills in a research report on Tuesday, May 30th. Finally, Piper Jaffray Companies reaffirmed an “underweight” rating and set a $56.00 price target (down previously from $57.00) on shares of General Mills in a research report on Monday, June 19th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.66.
General Mills, Inc. (NYSE GIS) opened at 51.23 on Friday. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 18.49 and a beta of 0.62. The stock’s 50 day moving average price is $55.75 and its 200-day moving average price is $56.75. General Mills, Inc. has a 12 month low of $51.06 and a 12 month high of $65.57.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities analysts expect that General Mills, Inc. will post $3.09 EPS for the current year.
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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