Somerset Trust Co boosted its holdings in General Mills, Inc. (NYSE:GIS) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,407 shares of the company’s stock after purchasing an additional 589 shares during the period. Somerset Trust Co’s holdings in General Mills were worth $1,185,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley raised its stake in shares of General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after buying an additional 1,603,577 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 valued at $413,862,000 after buying an additional 1,449,632 shares during the period. Renaissance Technologies LLC raised its stake in shares of General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after buying an additional 1,190,200 shares during the period. Schroder Investment Management Group raised its stake in shares of General Mills by 17.0% in the first quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock valued at $268,283,000 after buying an additional 660,726 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of General Mills by 24.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,571,833 shares of the company’s stock valued at $151,764,000 after buying an additional 508,007 shares during the period. 69.49% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. BidaskClub upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BMO Capital Markets restated a “hold” rating and set a $67.00 target price on shares of General Mills in a research report on Thursday, June 15th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $59.00 price objective (down from $62.00) on shares of General Mills in a report on Tuesday, May 30th. Finally, Piper Jaffray Companies reiterated an “underweight” rating and issued a $56.00 price objective (down from $57.00) on shares of General Mills in a report on Monday, June 19th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.52.

General Mills, Inc. (NYSE GIS) traded down 0.117% during midday trading on Tuesday, reaching $55.715. The company’s stock had a trading volume of 1,529,497 shares. The stock’s 50 day moving average price is $55.68 and its 200-day moving average price is $56.98. The stock has a market cap of $32.15 billion, a price-to-earnings ratio of 20.114 and a beta of 0.62. General Mills, Inc. has a one year low of $52.76 and a one year high of $66.53.

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

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General Mills 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.

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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