CENTRAL TRUST Co Has $5.47 Million Holdings in General Mills, Inc. (GIS)
CENTRAL TRUST Co lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 98,800 shares of the company’s stock after selling 623 shares during the quarter. CENTRAL TRUST Co’s holdings in General Mills were worth $5,474,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lenox Wealth Advisors Inc. boosted its position in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares during the period. Hanson McClain Inc. boosted its position in General Mills by 1.5% during the 1st quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after acquiring an additional 35 shares during the period. Assetmark Inc. boosted its position in General Mills by 11.2% during the 1st quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock worth $148,000 after acquiring an additional 253 shares during the period. IHT Wealth Management LLC boosted its position in General Mills by 33.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after acquiring an additional 627 shares during the period. Finally, Advisory Services Network LLC acquired a new position in General Mills during the 1st quarter worth $179,000. Institutional investors own 69.49% of the company’s stock.
Shares of General Mills, Inc. (GIS) traded up 0.87% on Friday, reaching $55.53. The company’s stock had a trading volume of 1,602,666 shares. General Mills, Inc. has a 1-year low of $52.76 and a 1-year high of $65.57. The company’s 50 day moving average is $55.72 and its 200-day moving average is $56.90. The stock has a market cap of $32.05 billion, a PE ratio of 20.05 and a beta of 0.62.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. General Mills’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. On average, equities analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on GIS. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a report on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 price objective on General Mills and gave the company a “hold” rating in a report on Sunday, June 25th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $52.00 price objective (down previously from $59.00) on shares of General Mills in a report on Friday, June 30th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $62.00 price objective on shares of General Mills in a report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average price target of $59.11.
General Mills Profile
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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