National Planning Corp grew its stake in General Mills, Inc. (NYSE:GIS) by 36.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 35,231 shares of the company’s stock after acquiring an additional 9,454 shares during the period. National Planning Corp’s holdings in General Mills were worth $1,944,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. increased its stake 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 buying an additional 15 shares during the period. Winslow Evans & Crocker Inc. increased its stake in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after buying an additional 69 shares during the period. Hanson McClain Inc. increased its stake 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 buying an additional 35 shares during the period. IHT Wealth Management LLC increased its stake 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 buying an additional 627 shares during the period. Finally, Assetmark Inc. increased its stake 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 buying an additional 253 shares during the period. 69.38% of the stock is currently owned by institutional investors and hedge funds.

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Shares of General Mills, Inc. (NYSE GIS) opened at 51.23 on Monday. General Mills, Inc. has a 52 week low of $50.40 and a 52 week high of $65.24. The company’s 50-day moving average is $55.75 and its 200-day moving average is $56.75. The firm has a market cap of $29.12 billion, a PE ratio of 18.36 and a beta of 0.62.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. Analysts forecast that General Mills, Inc. will post $3.09 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Co cut their target price on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a research note on Friday. Piper Jaffray Companies reaffirmed a “sell” rating and set a $53.00 target price on shares of General Mills in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $57.00 target price (down from $60.00) on shares of General Mills in a research note on Thursday. UBS AG reaffirmed a “neutral” rating and set a $55.00 target price (down from $58.00) on shares of General Mills in a research note on Thursday. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $67.00 target price on shares of General Mills in a research note on Thursday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and a consensus price target of $57.66.

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.

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

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