Iowa State Bank Buys 257 Shares of General Mills, Inc. (GIS)
Iowa State Bank lifted its stake in General Mills, Inc. (NYSE:GIS) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,078 shares of the company’s stock after buying an additional 257 shares during the period. Iowa State Bank’s holdings in General Mills were worth $2,331,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of GIS. Waldron LP acquired a new position in shares of General Mills in the 1st quarter worth approximately $420,000. Physicians Financial Services Inc. raised its holdings in shares of General Mills by 28.0% in the 1st quarter. Physicians Financial Services Inc. now owns 10,082 shares of the company’s stock worth $595,000 after buying an additional 2,203 shares in the last quarter. K.J. Harrison & Partners Inc raised its holdings in shares of General Mills by 1.0% in the 1st quarter. K.J. Harrison & Partners Inc now owns 20,000 shares of the company’s stock worth $1,180,000 after buying an additional 200 shares in the last quarter. Investment Counsel Inc. raised its holdings in shares of General Mills by 25.0% in the 1st quarter. Investment Counsel Inc. now owns 12,070 shares of the company’s stock worth $712,000 after buying an additional 2,412 shares in the last quarter. Finally, Paragon Capital Management Ltd acquired a new position in shares of General Mills in the 1st quarter worth approximately $666,000. 69.49% of the stock is owned by institutional investors and hedge funds.
Shares of General Mills, Inc. (GIS) traded down 0.009% on Wednesday, reaching $55.555. The company’s stock had a trading volume of 1,009,898 shares. The firm has a 50 day moving average of $55.72 and a 200 day moving average of $56.92. General Mills, Inc. has a 52-week low of $52.76 and a 52-week high of $66.01. The company has a market cap of $32.06 billion, a PE ratio of 20.056 and a beta of 0.62.
General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating 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 business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. Analysts predict that General Mills, Inc. will post $3.11 earnings per share for the current year.
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A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada dropped their target price on General Mills from $65.00 to $62.00 and set a “sector perform” rating for the company in a report on Thursday, June 29th. BMO Capital Markets reissued a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. UBS AG reissued a “neutral” rating and issued a $58.00 target price (down from $61.00) on shares of General Mills in a report on Friday, June 30th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reissued an “underweight” rating and issued a $56.00 target price (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 given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.52.
General Mills Company 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.
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