Seaward Management Limited Partnership reduced its position in shares of General Mills Inc. (NYSE:GIS) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,782 shares of the company’s stock after selling 250 shares during the period. Seaward Management Limited Partnership’s holdings in General Mills were worth $1,196,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Lenox Wealth Advisors Inc. raised its stake in General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock worth $127,000 after buying an additional 13 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in General Mills by 15.6% in the first quarter. BlueMountain Capital Management LLC now owns 2,277 shares of the company’s stock worth $144,000 after buying an additional 308 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its stake in General Mills by 54.9% in the second quarter. Stuart Chaussee & Associates Inc. now owns 2,383 shares of the company’s stock worth $171,000 after buying an additional 845 shares in the last quarter. Trust Department MB Financial Bank N A raised its stake in General Mills by 73.1% in the second quarter. Trust Department MB Financial Bank N A now owns 3,158 shares of the company’s stock worth $176,000 after buying an additional 1,334 shares in the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in General Mills by 887.1% in the second quarter. Daiwa SB Investments Ltd. now owns 3,060 shares of the company’s stock worth $208,000 after buying an additional 2,750 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

General Mills Inc. (NYSE:GIS) traded down 0.31% during mid-day trading on Thursday, hitting $65.06. The stock had a trading volume of 4,140,196 shares. General Mills Inc. has a 12-month low of $53.53 and a 12-month high of $72.95. The stock has a market cap of $38.84 billion, a price-to-earnings ratio of 23.49 and a beta of 0.38. The company has a 50-day moving average of $69.14 and a 200-day moving average of $66.05.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. General Mills had a return on equity of 33.96% and a net margin of 10.25%. The firm had revenue of $3.91 billion for the quarter. During the same quarter in the previous year, the company earned $0.79 EPS. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, analysts anticipate that General Mills Inc. will post $3.10 earnings per share for the current fiscal year.

GIS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Tuesday, July 5th. Citigroup Inc. reiterated a “buy” rating and issued a $76.00 price objective (up previously from $72.00) on shares of General Mills in a report on Wednesday, June 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $63.00 price objective on shares of General Mills in a report on Thursday, June 30th. Credit Suisse Group AG reiterated a “hold” rating on shares of General Mills in a report on Thursday, July 14th. Finally, Susquehanna reiterated a “hold” rating and issued a $59.00 price objective on shares of General Mills in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $67.93.

In other General Mills news, Director Paul Danos sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $71.53, for a total transaction of $1,430,600.00. Following the sale, the director now owns 43,799 shares in the company, valued at $3,132,942.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Rose sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $72.32, for a total value of $723,200.00. Following the sale, the director now owns 71,240 shares in the company, valued at approximately $5,152,076.80. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

General Mills Company Profile

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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