Kayne Anderson Rudnick Investment Management LLC reduced its stake in shares of General Mills Inc. (NYSE:GIS) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,778 shares of the company’s stock after selling 1,677 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in General Mills were worth $12,537,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GIS. Berkshire Asset Management LLC PA increased its position in General Mills by 2.7% in the first quarter. Berkshire Asset Management LLC PA now owns 307,798 shares of the company’s stock valued at $19,499,000 after buying an additional 7,951 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in General Mills by 18.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 399,646 shares of the company’s stock valued at $22,268,000 after buying an additional 62,692 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in General Mills by 0.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 45,202 shares of the company’s stock valued at $2,864,000 after buying an additional 348 shares during the last quarter. Webster Bank N. A. raised its stake in General Mills by 1.2% in the first quarter. Webster Bank N. A. now owns 6,011 shares of the company’s stock valued at $380,000 after buying an additional 74 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in General Mills by 1.0% in the first quarter. Prospera Financial Services Inc now owns 5,111 shares of the company’s stock valued at $324,000 after buying an additional 52 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Inc. (NYSE:GIS) traded down 0.64% during midday trading on Tuesday, hitting $64.79. 1,706,484 shares of the stock traded hands. The company has a market cap of $38.68 billion, a P/E ratio of 23.39 and a beta of 0.38. General Mills Inc. has a one year low of $53.53 and a one year high of $72.95. The company’s 50 day moving average is $69.64 and its 200-day moving average is $66.03.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 29th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. General Mills had a net margin of 10.25% and a return on equity of 33.96%. The firm earned $3.93 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the company earned $0.75 earnings per share. General Mills’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts forecast that General Mills Inc. will post $3.10 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of General Mills in a report on Sunday, July 17th. Consumer Edge lowered shares of General Mills from a “neutral” rating to an “underperform” rating in a report on Tuesday. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $60.00 price target (up from $58.00) on shares of General Mills in a report on Thursday, June 30th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $76.00 price target (up from $72.00) on shares of General Mills in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $67.40.

In related news, Director Dorothy A. Terrell sold 13,556 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $71.70, for a total value of $971,965.20. Following the completion of the sale, the director now directly owns 72,542 shares of the company’s stock, valued at $5,201,261.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jerald A. Young sold 27,890 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $72.03, for a total transaction of $2,008,916.70. Following the completion of the sale, the vice president now directly owns 86,271 shares of the company’s stock, valued at $6,214,100.13. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.

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