Spinnaker Trust lowered its stake in General Mills, Inc. (NYSE:GIS) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,008 shares of the company’s stock after selling 50 shares during the period. Spinnaker Trust’s holdings in General Mills were worth $776,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. increased its holdings in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after purchasing an additional 15 shares during the period. Sfmg LLC increased its holdings in General Mills by 0.7% during the 1st quarter. Sfmg LLC now owns 4,814 shares of the company’s stock valued at $284,000 after purchasing an additional 34 shares during the period. Hanson McClain Inc. increased its holdings in General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after purchasing an additional 35 shares during the period. Smith Salley & Associates increased its holdings in General Mills by 0.8% during the 1st quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock valued at $327,000 after purchasing an additional 42 shares during the period. Finally, Wellington Shields & Co. LLC increased its holdings in General Mills by 0.6% during the 1st quarter. Wellington Shields & Co. LLC now owns 8,113 shares of the company’s stock valued at $479,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 69.38% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://baseballnewssource.com/markets/spinnaker-trust-sells-50-shares-of-general-mills-inc-gis/1601744.html.
A number of research analysts recently issued reports on GIS shares. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 price target on General Mills and gave the company a “hold” rating in a report on Sunday, June 25th. BMO Capital Markets reduced their target price on General Mills from $60.00 to $57.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $52.00 target price (down previously from $59.00) on shares of General Mills in a report on Friday, June 30th. Three investment 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. The company has an average rating of “Hold” and a consensus price target of $57.66.
General Mills, Inc. (NYSE GIS) opened at 51.23 on Friday. The company has a market capitalization of $29.56 billion, a PE ratio of 18.49 and a beta of 0.62. General Mills, Inc. has a 52-week low of $51.06 and a 52-week high of $65.57. The company has a 50-day moving average price of $55.75 and a 200 day moving average price of $56.75.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. Equities research analysts anticipate that General Mills, Inc. will post $3.09 earnings per share 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.
Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with our FREE daily email newsletter.