Tompkins Financial Corp held its stake in General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,706 shares of the company’s stock at the close of the second quarter. Tompkins Financial Corp’s holdings in General Mills were worth $316,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PVG Asset Management Corp bought a new position in shares of General Mills during the first quarter valued at approximately $6,352,000. Renaissance Technologies LLC increased its stake in shares of General Mills by 146.2% during the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares in the last quarter. Bfsg LLC bought a new position in shares of General Mills during the first quarter valued at approximately $2,843,000. Campbell & CO Investment Adviser LLC bought a new position in shares of General Mills during the first quarter valued at approximately $498,000. Finally, Kernodle & Katon Asset Management Group LLC increased its stake in shares of General Mills by 7.0% during the first quarter. Kernodle & Katon Asset Management Group LLC now owns 25,523 shares of the company’s stock valued at $1,506,000 after purchasing an additional 1,671 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.
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A number of research analysts recently weighed in on GIS shares. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada set a $62.00 target price on shares of General Mills and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Vetr upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target on the stock in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.11.
Shares of General Mills, Inc. (GIS) traded up 0.78% during mid-day trading on Friday, reaching $55.48. 1,642,584 shares of the company were exchanged. General Mills, Inc. has a 12 month low of $52.76 and a 12 month high of $65.57. The stock has a 50 day moving average price of $55.72 and a 200-day moving average price of $56.90. The stock has a market capitalization of $32.02 billion, a P/E ratio of 20.03 and a beta of 0.62.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current year.
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.
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