General Mills, Inc. (GIS) Holdings Reduced by Papp L Roy & Associates

Papp L Roy & Associates lowered its holdings in General Mills, Inc. (NYSE:GIS) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,610 shares of the company’s stock after selling 1,129 shares during the quarter. Papp L Roy & Associates’ holdings in General Mills were worth $1,363,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. American Century Companies Inc. boosted its stake in General Mills by 3.1% in the first quarter. American Century Companies Inc. now owns 9,086,471 shares of the company’s stock worth $536,193,000 after purchasing an additional 269,906 shares in the last quarter. Morgan Stanley boosted its stake in General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after purchasing an additional 1,603,577 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in General Mills by 26.1% in the first quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock worth $413,862,000 after purchasing an additional 1,449,632 shares in the last quarter. Geode Capital Management LLC boosted its stake in General Mills by 5.3% in the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after purchasing an additional 295,119 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in General Mills by 0.6% in the first quarter. APG Asset Management N.V. now owns 4,728,629 shares of the company’s stock worth $279,036,000 after purchasing an additional 26,500 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors.

Shares of General Mills, Inc. (NYSE GIS) opened at 55.80 on Friday. The company has a market cap of $32.20 billion, a P/E ratio of 20.14 and a beta of 0.62. General Mills, Inc. has a 12-month low of $52.76 and a 12-month high of $65.57. The company has a 50-day moving average price of $55.73 and a 200-day moving average price of $56.87.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. On average, analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current year.

GIS has been the topic of a number of recent analyst reports. Vetr raised General Mills from a “hold” rating to a “buy” rating and set a $57.82 price objective on the stock in a research note on Tuesday, June 27th. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Friday. Morgan Stanley restated an “equal weight” rating and set a $55.00 target price (down previously from $58.00) on shares of General Mills in a research report on Sunday, June 25th. Finally, Susquehanna Bancshares Inc set a $59.00 target price on General Mills and gave the stock a “hold” rating in a research report on Sunday, June 25th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and a consensus price target of $59.11.

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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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