Portland Global Advisors LLC Continues to Hold Holdings in General Mills, Inc. (NYSE:GIS)

Portland Global Advisors LLC held its stake in General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,870 shares of the company’s stock at the end of the second quarter. Portland Global Advisors LLC’s holdings in General Mills were worth $658,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Carlson Capital Management bought a new position in General Mills during the second quarter worth about $437,000. Fulton Bank N.A. lifted its holdings in shares of General Mills by 9.4% in the second quarter. Fulton Bank N.A. now owns 40,142 shares of the company’s stock worth $2,224,000 after buying an additional 3,438 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of General Mills by 10.1% in the second quarter. Private Trust Co. NA now owns 8,345 shares of the company’s stock worth $462,000 after buying an additional 766 shares in the last quarter. Iberiabank Corp lifted its holdings in shares of General Mills by 12.4% in the second quarter. Iberiabank Corp now owns 6,140 shares of the company’s stock worth $340,000 after buying an additional 679 shares in the last quarter. Finally, Atria Investments LLC lifted its holdings in shares of General Mills by 3.9% in the second quarter. Atria Investments LLC now owns 30,186 shares of the company’s stock worth $1,672,000 after buying an additional 1,134 shares in the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

GIS has been the topic of a number of recent analyst reports. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price on the stock in a research note on Tuesday, June 27th. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Friday, September 15th. Citigroup Inc. reissued a “buy” rating and set a $67.00 price target on shares of General Mills in a research note on Thursday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $55.00 price target (down from $58.00) on shares of General Mills in a research note on Sunday, June 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.66.

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General Mills, Inc. (NYSE:GIS) opened at 51.23 on Friday. The firm’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. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 18.49 and a beta of 0.62.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that General Mills, Inc. will post $3.09 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.

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

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