Benedict Financial Advisors Inc. boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,249 shares of the company’s stock after buying an additional 5,116 shares during the period. General Mills comprises 1.8% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 17th largest holding. Benedict Financial Advisors Inc.’s holdings in General Mills were worth $3,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ingalls & Snyder LLC raised its holdings in General Mills by 6.9% during the 2nd quarter. Ingalls & Snyder LLC now owns 253,014 shares of the company’s stock worth $14,017,000 after buying an additional 16,251 shares during the period. Busey Trust CO raised its holdings in General Mills by 0.7% during the 2nd quarter. Busey Trust CO now owns 8,149 shares of the company’s stock worth $452,000 after buying an additional 53 shares during the period. Opus Investment Management Inc. raised its holdings in General Mills by 5.1% during the 2nd quarter. Opus Investment Management Inc. now owns 103,700 shares of the company’s stock worth $5,745,000 after buying an additional 5,000 shares during the period. Daiwa Securities Group Inc. raised its holdings in General Mills by 1.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,450 shares of the company’s stock worth $1,355,000 after buying an additional 450 shares during the period. Finally, Welch Investments LLC raised its holdings in General Mills by 14.7% during the 2nd quarter. Welch Investments LLC now owns 71,533 shares of the company’s stock worth $3,963,000 after buying an additional 9,149 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.

Shares of General Mills, Inc. (GIS) opened at 55.80 on Friday. General Mills, Inc. has a 52 week low of $52.76 and a 52 week 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. The company has a market cap of $32.20 billion, a PE ratio of 20.14 and a beta of 0.62.

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

Several research firms have issued reports on GIS. Royal Bank Of Canada cut their price objective on General Mills from $65.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, June 29th. BMO Capital Markets restated a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. UBS AG restated a “neutral” rating and set a $58.00 price objective (down previously from $61.00) on shares of General Mills in a report on Friday, June 30th. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies restated an “underweight” rating and set a $56.00 price objective (down previously from $57.00) on shares of General Mills in a report on Monday, June 19th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $59.11.

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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.

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

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