GaveKal Capital LLC raised its position in shares of General Mills Inc. (NYSE:GIS) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,177 shares of the company’s stock after buying an additional 12,990 shares during the period. General Mills accounts for 6.0% of GaveKal Capital LLC’s holdings, making the stock its largest position. GaveKal Capital LLC’s holdings in General Mills were worth $19,483,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of GIS. State Street Corp increased its position in shares of General Mills by 2.1% in the first quarter. State Street Corp now owns 36,502,697 shares of the company’s stock worth $2,312,451,000 after buying an additional 736,454 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of General Mills by 8.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 19,026,634 shares of the company’s stock worth $1,205,337,000 after buying an additional 1,447,446 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of General Mills by 5.4% in the first quarter. BlackRock Fund Advisors now owns 13,141,964 shares of the company’s stock worth $832,543,000 after buying an additional 673,941 shares during the last quarter. BlackRock Group LTD increased its position in shares of General Mills by 17.8% in the first quarter. BlackRock Group LTD now owns 6,924,092 shares of the company’s stock worth $438,641,000 after buying an additional 1,047,510 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of General Mills by 1.7% in the first quarter. Geode Capital Management LLC now owns 4,781,113 shares of the company’s stock worth $302,265,000 after buying an additional 80,578 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.
General Mills Inc. (NYSE:GIS) traded down 0.53% during midday trading on Friday, reaching $65.19. 3,705,320 shares of the company traded hands. The firm has a 50-day moving average price of $70.32 and a 200-day moving average price of $65.86. The firm has a market capitalization of $38.92 billion, a price-to-earnings ratio of 23.53 and a beta of 0.38. General Mills Inc. has a one year low of $53.53 and a one year high of $72.95.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. General Mills had a return on equity of 33.96% and a net margin of 10.25%. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the business earned $0.75 EPS. The business’s revenue was down 8.6% on a year-over-year basis. Equities analysts predict that General Mills Inc. will post $3.10 EPS for the current fiscal year.
GIS has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 target price (up from $64.00) on shares of General Mills in a report on Friday, June 17th. Morgan Stanley restated a “hold” rating on shares of General Mills in a report on Sunday, July 17th. Goldman Sachs Group Inc. restated a “sell” rating and set a $61.00 target price (up from $60.00) on shares of General Mills in a report on Friday, July 15th. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, June 24th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $67.00 price objective on shares of General Mills in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. General Mills currently has a consensus rating of “Hold” and a consensus price target of $67.40.
In other news, Director Dorothy A. Terrell sold 13,556 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $71.70, for a total transaction of $971,965.20. Following the completion of the sale, the director now directly owns 72,542 shares of the company’s stock, valued at approximately $5,201,261.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul Danos sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $71.53, for a total value of $1,430,600.00. Following the sale, the director now directly owns 43,799 shares of the company’s stock, valued at $3,132,942.47. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.