Mn Services Vermogensbeheer B.V. Increases Position in General Mills, Inc. (GIS)
Mn Services Vermogensbeheer B.V. lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 504.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,365 shares of the company’s stock after purchasing an additional 79,593 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in General Mills were worth $5,283,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. PVG Asset Management Corp bought a new stake in shares of General Mills during the 1st quarter valued at approximately $6,352,000. Renaissance Technologies LLC grew its holdings in shares of General Mills by 146.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares during the last quarter. Bfsg LLC bought a new stake in shares of General Mills during the 1st quarter valued at approximately $2,843,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of General Mills during the 1st quarter valued at approximately $498,000. Finally, Honeywell International Inc. bought a new stake in shares of General Mills during the 1st quarter valued at approximately $26,082,000. 69.49% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of General Mills from $65.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, June 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. UBS AG reaffirmed a “neutral” rating and set a $58.00 price target (down from $61.00) on shares of General Mills in a report on Friday, June 30th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reaffirmed an “underweight” rating and set a $56.00 price target (down from $57.00) on shares of General Mills in a report on Monday, June 19th. Four research 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.52.
Shares of General Mills, Inc. (NYSE GIS) traded down 0.5247% on Thursday, hitting $54.9999. 1,440,433 shares of the stock were exchanged. General Mills, Inc. has a 52-week low of $52.76 and a 52-week high of $66.01. The company has a market cap of $31.74 billion, a price-to-earnings ratio of 19.8556 and a beta of 0.62. The company has a 50 day moving average of $55.72 and a 200 day moving average of $56.92.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. General Mills had a net margin of 10.61% and a return on equity of 38.97%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast 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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