Advisor Group Inc. Has $4.14 Million Stake in General Mills, Inc. (GIS)

Advisor Group Inc. lifted its position in General Mills, Inc. (NYSE:GIS) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,871 shares of the company’s stock after purchasing an additional 5,472 shares during the period. Advisor Group Inc.’s holdings in General Mills were worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GIS. Lenox Wealth Advisors Inc. grew its stake 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 acquiring an additional 15 shares in the last quarter. Cable Hill Partners LLC grew its stake in General Mills by 274.5% during the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares in the last quarter. Winslow Evans & Crocker Inc. lifted 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 purchasing an additional 69 shares during the last quarter. IHT Wealth Management LLC lifted 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 purchasing an additional 627 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in General Mills by 127.3% during the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares during the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on GIS shares. BMO Capital Markets reiterated a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “hold” rating and set a $62.00 price objective on shares of General Mills in a research report on Wednesday, September 6th. Finally, Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. General Mills currently has a consensus rating of “Hold” and a consensus target price of $56.60.

General Mills, Inc. (NYSE:GIS) traded down $0.61 during trading on Wednesday, hitting $57.25. 4,209,800 shares of the stock traded hands, compared to its average volume of 3,726,970. The company has a market cap of $32,884.07, a price-to-earnings ratio of 19.22, a PEG ratio of 2.16 and a beta of 0.66. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $64.06.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. equities analysts forecast that General Mills, Inc. will post 3.1 EPS for the current year.

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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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