Benjamin F. Edwards & Company Inc. raised its position in shares of General Mills, Inc. (NYSE:GIS) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,472 shares of the company’s stock after buying an additional 10,250 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in General Mills were worth $3,627,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reliance Trust Co. of Delaware raised its position in General Mills by 3.1% in the second quarter. Reliance Trust Co. of Delaware now owns 11,488 shares of the company’s stock worth $637,000 after buying an additional 350 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of General Mills during the second quarter valued at about $365,000. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of General Mills by 4.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,150 shares of the company’s stock valued at $396,000 after buying an additional 300 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of General Mills by 5.7% in the second quarter. Congress Asset Management Co. MA now owns 100,251 shares of the company’s stock valued at $5,554,000 after buying an additional 5,416 shares in the last quarter. Finally, Montecito Bank & Trust raised its position in shares of General Mills by 2.5% in the second quarter. Montecito Bank & Trust now owns 8,263 shares of the company’s stock valued at $458,000 after buying an additional 199 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Shares of General Mills, Inc. (NYSE:GIS) opened at 53.72 on Friday. The stock has a market capitalization of $31.00 billion, a P/E ratio of 19.39 and a beta of 0.62. General Mills, Inc. has a 52 week low of $52.76 and a 52 week high of $71.33. The firm’s 50-day moving average price is $55.52 and its 200 day moving average price is $57.26.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. Analysts expect that General Mills, Inc. will post $3.11 earnings per share for the current year.

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Several research analysts have recently issued reports on the company. UBS AG reissued a “neutral” rating and issued a $61.00 target price (down previously from $63.00) on shares of General Mills in a research report on Wednesday, June 21st. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a research report on Monday, June 19th. Piper Jaffray Companies reissued an “underweight” rating and issued a $56.00 target price (down previously from $57.00) on shares of General Mills in a research report on Monday, June 19th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $58.00 target price (down previously from $59.00) on shares of General Mills in a research report on Friday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $67.00 target price on shares of General Mills in a research report on Thursday, June 15th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.93.

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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