MV Capital Management Inc. increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,373 shares of the company’s stock after purchasing an additional 2 shares during the quarter. MV Capital Management Inc.’s holdings in General Mills were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Lenox Wealth Advisors Inc. lifted its stake in General Mills by 0.8% during the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares during the last quarter. Sfmg LLC lifted its stake in General Mills by 0.7% during the first quarter. Sfmg LLC now owns 4,814 shares of the company’s stock worth $284,000 after purchasing an additional 34 shares during the last quarter. Davis R M Inc. lifted its stake in General Mills by 0.8% during the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after purchasing an additional 34 shares during the last quarter. Hanson McClain Inc. lifted its stake in General Mills by 1.5% during the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock worth $138,000 after purchasing an additional 35 shares during the last quarter. Finally, Smith Salley & Associates lifted its stake in General Mills by 0.8% during the first quarter. Smith Salley & Associates now owns 5,540 shares of the company’s stock worth $327,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

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GIS has been the subject of several recent analyst reports. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price for the company in a research note on Tuesday, June 27th. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Friday, September 15th. Citigroup Inc. restated a “buy” rating and set a $67.00 target price on shares of General Mills in a research note on Thursday. Finally, Morgan Stanley restated an “equal weight” rating and set a $55.00 target price (down previously from $58.00) on shares of General Mills in a research note on Sunday, June 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.32.

General Mills, Inc. (NYSE:GIS) opened at 51.69 on Friday. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 18.66 and a beta of 0.62. General Mills, Inc. has a 12-month low of $51.39 and a 12-month high of $65.57. The stock has a 50 day moving average price of $55.75 and a 200-day moving average price of $56.75.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. Equities analysts forecast that General Mills, Inc. will post $3.10 earnings per share for the current year.

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)

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