General Mills Inc. (NYSE:GIS) announced its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. General Mills had a net margin of 10.25% and a return on equity of 33.96%. The company earned $3.91 billion during the quarter, compared to analyst estimates of $3.92 billion.

General Mills (NYSE:GIS) opened at 64.70 on Wednesday. The company has a market cap of $38.63 billion, a P/E ratio of 23.36 and a beta of 0.38. General Mills has a one year low of $53.53 and a one year high of $72.95. The company has a 50-day moving average of $69.44 and a 200 day moving average of $66.07.

GIS has been the subject of a number of recent analyst reports. Bank of America Corp. restated a “hold” rating on shares of General Mills in a report on Thursday, July 14th. Credit Suisse Group AG restated a “hold” rating and issued a $74.00 price objective on shares of General Mills in a report on Thursday, September 8th. Goldman Sachs Group Inc. lowered shares of General Mills from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $62.70 to $58.00 in a report on Tuesday, May 24th. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $67.00 price objective on shares of General Mills in a report on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. General Mills currently has an average rating of “Hold” and an average price target of $67.40.

In other General Mills news, Director Michael D. Rose sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $71.11, for a total value of $711,100.00. Following the completion of the transaction, the director now owns 79,954 shares of the company’s stock, valued at $5,685,528.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter C. Erickson sold 83,850 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $71.90, for a total transaction of $6,028,815.00. Following the completion of the transaction, the executive vice president now directly owns 213,669 shares of the company’s stock, valued at approximately $15,362,801.10. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its position in General Mills by 34.5% in the second quarter. American Century Companies Inc. now owns 6,546,046 shares of the company’s stock worth $466,864,000 after buying an additional 1,679,776 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in General Mills during the second quarter worth about $28,570,000. TIAA CREF Investment Management LLC boosted its position in General Mills by 7.4% in the second quarter. TIAA CREF Investment Management LLC now owns 3,538,595 shares of the company’s stock worth $252,373,000 after buying an additional 243,453 shares in the last quarter. Ingalls & Snyder LLC bought a new position in General Mills during the second quarter worth about $16,533,000. Finally, APG Asset Management N.V. boosted its position in General Mills by 3.3% in the second quarter. APG Asset Management N.V. now owns 5,743,695 shares of the company’s stock worth $409,640,000 after buying an additional 180,900 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

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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