Sigma Planning Corp lowered its holdings in General Mills, Inc. (NYSE:GIS) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,086 shares of the company’s stock after selling 2,031 shares during the quarter. Sigma Planning Corp’s holdings in General Mills were worth $1,888,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lenox Wealth Advisors Inc. grew its position in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. Winslow Evans & Crocker Inc. grew its position in General Mills by 2.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after buying an additional 69 shares during the period. Hanson McClain Inc. grew its position in General Mills by 1.5% during the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after buying an additional 35 shares during the period. IHT Wealth Management LLC grew its position in General Mills by 33.4% during the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after buying an additional 627 shares during the period. Finally, Assetmark Inc. grew its position in General Mills by 11.2% during the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 69.38% of the company’s stock.

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Several analysts recently commented on GIS shares. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $62.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus dropped their price target on shares of General Mills from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, June 29th. Finally, Vetr upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 price target on the stock in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and an average price target of $57.49.

General Mills, Inc. (NYSE GIS) opened at 52.27 on Tuesday. General Mills, Inc. has a 1-year low of $50.40 and a 1-year high of $65.24. The stock has a market capitalization of $29.71 billion, a P/E ratio of 18.73 and a beta of 0.62. The stock has a 50 day moving average of $55.75 and a 200 day moving average of $56.75.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect that General Mills, Inc. will post $3.09 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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