Gateway Advisory LLC lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,824 shares of the company’s stock after selling 280 shares during the quarter. Gateway Advisory LLC’s holdings in General Mills were worth $212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. increased its position in General Mills by 13.1% during the 2nd quarter. ST Germain D J Co. Inc. now owns 14,210 shares of the company’s stock worth $787,000 after purchasing an additional 1,643 shares in the last quarter. Gamble Jones Investment Counsel increased its position in General Mills by 0.8% during the 2nd quarter. Gamble Jones Investment Counsel now owns 14,237 shares of the company’s stock worth $789,000 after purchasing an additional 106 shares in the last quarter. Benedict Financial Advisors Inc. increased its position in General Mills by 8.7% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 64,249 shares of the company’s stock worth $3,492,000 after purchasing an additional 5,116 shares in the last quarter. Ingalls & Snyder LLC increased its position 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 purchasing an additional 16,251 shares in the last quarter. Finally, Busey Trust CO increased its position 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 purchasing an additional 53 shares in the last quarter. 69.49% of the stock is owned by institutional investors.

General Mills, Inc. (GIS) opened at 55.80 on Friday. The firm has a 50-day moving average price of $55.73 and a 200-day moving average price of $56.87. General Mills, Inc. has a 12-month low of $52.76 and a 12-month high of $65.57. The stock 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 issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 earnings per share 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 the consensus estimate of $3.75 billion. During the same period last year, the business earned $0.66 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post $3.11 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “General Mills, Inc. (GIS) Shares Sold by Gateway Advisory LLC” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/17/general-mills-inc-gis-shares-sold-by-gateway-advisory-llc.html.

A number of analysts recently issued reports on GIS shares. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research report on Wednesday, May 24th. Piper Jaffray Companies started coverage on shares of General Mills in a research report on Wednesday, May 24th. They set an “underweight” rating and a $57.00 target price for the company. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $59.00 target price (down previously from $62.00) on shares of General Mills in a research report on Tuesday, May 30th. BMO Capital Markets reissued a “hold” rating and set a $67.00 target price on shares of General Mills in a research report on Thursday, June 15th. Finally, BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Four equities 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 stock. The company currently has an average rating of “Hold” and an average price target of $59.11.

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.

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

Receive News & Stock Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related stocks with our FREE daily email newsletter.