General Mills Inc. (GIS) Shares Bought by Private Advisor Group LLC
Private Advisor Group LLC boosted its position in shares of General Mills Inc. (NYSE:GIS) by 20.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 45,637 shares of the company’s stock after buying an additional 7,775 shares during the period. Private Advisor Group LLC’s holdings in General Mills were worth $3,311,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of General Mills by 0.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 45,202 shares of the company’s stock worth $2,864,000 after buying an additional 348 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of General Mills by 18.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 399,646 shares of the company’s stock worth $22,268,000 after buying an additional 62,692 shares during the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of General Mills by 2.7% in the first quarter. Berkshire Asset Management LLC PA now owns 307,798 shares of the company’s stock worth $19,499,000 after buying an additional 7,951 shares during the last quarter. TNB Financial boosted its stake in shares of General Mills by 6.9% in the first quarter. TNB Financial now owns 12,363 shares of the company’s stock worth $783,000 after buying an additional 793 shares during the last quarter. Finally, Culbertson A N & Co. Inc. purchased a new stake in shares of General Mills during the first quarter worth about $2,829,000. 69.13% of the stock is currently owned by institutional investors.
Shares of General Mills Inc. (NYSE:GIS) traded down 0.29% during trading on Friday, reaching $64.87. 872,037 shares of the company were exchanged. The stock has a 50-day moving average price of $69.14 and a 200-day moving average price of $66.05. The stock has a market capitalization of $38.57 billion, a PE ratio of 23.59 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.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The company earned $3.91 billion during the quarter. General Mills had a net margin of 10.33% and a return on equity of 33.82%. General Mills’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. Analysts forecast that General Mills Inc. will post $3.10 EPS for the current year.
A number of equities research analysts have recently issued reports on GIS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 target price (up from $64.00) on shares of General Mills in a report on Friday, June 17th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $63.00 target price (up from $62.00) on shares of General Mills in a report on Thursday, June 23rd. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Friday, June 24th. Susquehanna reiterated a “hold” rating and issued a $59.00 price target on shares of General Mills in a research note on Tuesday, June 28th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $76.00 price target (up previously from $72.00) on shares of General Mills in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. General Mills has a consensus rating of “Hold” and an average price target of $67.93.
In other General Mills news, Director Michael D. Rose sold 10,000 shares of the business’s stock in a transaction that occurred 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 approximately $5,685,528.94. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey L. Harmening sold 33,150 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $71.05, for a total transaction of $2,355,307.50. Following the completion of the transaction, the chief operating officer now directly owns 133,106 shares of the company’s stock, valued at approximately $9,457,181.30. The disclosure for this sale can be found here. Corporate 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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