JFS Wealth Advisors LLC Has $158,000 Position in General Mills, Inc. (GIS)
JFS Wealth Advisors LLC held its stake in shares of General Mills, Inc. (NYSE:GIS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,859 shares of the company’s stock at the close of the 2nd quarter. JFS Wealth Advisors LLC’s holdings in General Mills were worth $158,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Lenox Wealth Advisors Inc. grew its holdings in shares of General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares during the last quarter. Sfmg LLC grew its holdings in shares of General Mills by 0.7% during the first quarter. Sfmg LLC now owns 4,814 shares of the company’s stock worth $284,000 after purchasing an additional 34 shares during the last quarter. Hanson McClain Inc. grew its holdings in shares of General Mills by 1.5% during the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after purchasing an additional 35 shares during the last quarter. Smith Salley & Associates grew its holdings in shares of General Mills by 0.8% during the first quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock worth $327,000 after purchasing an additional 42 shares during the last quarter. Finally, Wellington Shields & Co. LLC grew its holdings in shares of General Mills by 0.6% during the first quarter. Wellington Shields & Co. LLC now owns 8,113 shares of the company’s stock worth $479,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.
General Mills, Inc. (GIS) opened at 55.80 on Friday. General Mills, Inc. has a 1-year low of $52.76 and a 1-year high of $65.57. The firm has a 50-day moving average price of $55.73 and a 200 day moving average price of $56.87. The firm has a market cap of $32.20 billion, a price-to-earnings ratio of 20.14 and a beta of 0.62.
General Mills (NYSE:GIS) last released 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 return on equity of 38.97% and a net margin of 10.61%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Equities analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current year.
Several research firms recently issued reports on GIS. Royal Bank Of Canada decreased their price target on 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 reiterated a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. UBS AG reiterated a “neutral” rating and issued a $58.00 price target (down previously from $61.00) on shares of General Mills in a report on Friday, June 30th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reiterated an “underweight” rating and issued a $56.00 price target (down previously from $57.00) on shares of General Mills in a report on Monday, June 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. General Mills presently 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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