ACG Wealth Has $250,000 Position in General Mills, Inc. (GIS)
ACG Wealth trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,836 shares of the company’s stock after selling 2,307 shares during the period. ACG Wealth’s holdings in General Mills were worth $250,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of GIS. Private Advisor Group LLC lifted its position in General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after acquiring an additional 9,952 shares during the last quarter. Boston Advisors LLC lifted its position in General Mills by 1.8% during the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after acquiring an additional 375 shares during the last quarter. Bfsg LLC purchased a new stake in General Mills during the first quarter valued at approximately $2,843,000. LVW Advisors LLC purchased a new stake in General Mills during the second quarter valued at approximately $2,515,000. Finally, PVG Asset Management Corp purchased a new stake in General Mills during the first quarter valued at approximately $6,352,000. Institutional investors and hedge funds own 72.78% of the company’s stock.
A number of equities research analysts recently commented on GIS shares. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Friday, September 15th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Citigroup restated a “buy” rating and set a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Morgan Stanley restated an “equal weight” rating and set a $52.00 price target (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $58.00 price objective on shares of General Mills in a research note on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. General Mills has an average rating of “Hold” and a consensus target price of $56.60.
Shares of General Mills, Inc. (GIS) traded down $0.72 on Friday, hitting $56.69. 3,129,900 shares of the company’s stock were exchanged, compared to its average volume of 3,721,247. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $32,220.00, a PE ratio of 19.07, a PEG ratio of 2.14 and a beta of 0.66. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $64.06.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share 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 net margin of 10.68% and a return on equity of 39.82%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. equities analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current year.
General Mills Company 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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