Weaver C. Barksdale & Associates Inc. continued to hold its stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,170 shares of the company’s stock at the close of the second quarter. Weaver C. Barksdale & Associates Inc.’s holdings in General Mills were worth $1,284,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lenox Wealth Advisors Inc. raised its holdings in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the last quarter. Hanson McClain Inc. raised its holdings in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after buying an additional 35 shares during the last quarter. IHT Wealth Management LLC raised its holdings in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after buying an additional 627 shares during the last quarter. Assetmark Inc. raised its holdings in General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after buying an additional 253 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in General Mills in the first quarter worth about $179,000. 69.49% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on GIS. UBS AG reaffirmed a “neutral” rating and issued a $61.00 target price (down from $63.00) on shares of General Mills in a report on Wednesday, June 21st. Piper Jaffray Companies set a $56.00 target price on shares of General Mills and gave the stock a “sell” rating in a report on Monday, August 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 target price on shares of General Mills in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of General Mills in a report on Wednesday, September 6th. Finally, BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.52.

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Shares of General Mills, Inc. (NYSE:GIS) traded down 0.009% during mid-day trading on Wednesday, reaching $55.555. 1,009,862 shares of the company traded hands. The firm has a 50-day moving average price of $55.72 and a 200 day moving average price of $56.92. General Mills, Inc. has a 52 week low of $52.76 and a 52 week high of $66.01. The firm has a market capitalization of $32.06 billion, a price-to-earnings ratio of 20.056 and a beta of 0.62.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. General Mills had a net margin of 10.61% and a return on equity of 38.97%. General Mills’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. On average, analysts anticipate that General Mills, Inc. will post $3.11 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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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