General Mills, Inc. (GIS) Shares Sold by Sei Investments Co.
Sei Investments Co. lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,166 shares of the company’s stock after selling 55,196 shares during the quarter. Sei Investments Co. owned approximately 0.09% of General Mills worth $28,928,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in GIS. Waldron LP purchased a new stake in shares of General Mills during the first quarter worth about $420,000. Smith Chas P & Associates PA Cpas grew its position in shares of General Mills by 52.8% during the first quarter. Smith Chas P & Associates PA Cpas now owns 5,450 shares of the company’s stock worth $322,000 after purchasing an additional 1,884 shares in the last quarter. Benedict Financial Advisors Inc. grew its position in shares of General Mills by 4.8% during the first quarter. Benedict Financial Advisors Inc. now owns 59,133 shares of the company’s stock worth $3,489,000 after purchasing an additional 2,724 shares in the last quarter. AMF Pensionsforsakring AB grew its position in shares of General Mills by 1.6% during the first quarter. AMF Pensionsforsakring AB now owns 109,952 shares of the company’s stock worth $6,488,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of General Mills during the first quarter worth about $5,187,000. Hedge funds and other institutional investors own 69.38% of the company’s stock.
Shares of General Mills, Inc. (NYSE GIS) opened at 55.80 on Monday. The stock 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 capitalization of $32.20 billion, a price-to-earnings ratio of 20.14 and a beta of 0.62. General Mills, Inc. has a 1-year low of $52.76 and a 1-year high of $65.57.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 EPS for the current fiscal year.
GIS has been the subject of a number of research reports. BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Consumer Edge raised General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Susquehanna Bancshares Inc set a $59.00 price target on General Mills and gave the company a “hold” rating in a research note on Sunday, June 25th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $52.00 price target (down from $59.00) on shares of General Mills in a research note on Friday, June 30th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $62.00 price target on shares of General Mills in a research note on Wednesday, September 6th. Four investment 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 stock currently has an average rating of “Hold” and an average target price of $59.11.
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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