Wesbanco Bank Inc. lowered its holdings in General Mills, Inc. (NYSE:GIS) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,689 shares of the company’s stock after selling 1,617 shares during the period. Wesbanco Bank Inc.’s holdings in General Mills were worth $7,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH grew its position in shares of General Mills by 0.7% in the 3rd quarter. Keybank National Association OH now owns 206,845 shares of the company’s stock valued at $10,706,000 after acquiring an additional 1,401 shares during the period. Daiwa Securities Group Inc. grew its position in shares of General Mills by 33.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 32,584 shares of the company’s stock valued at $1,687,000 after acquiring an additional 8,134 shares during the period. Smith Moore & CO. lifted its stake in shares of General Mills by 20.5% during the 3rd quarter. Smith Moore & CO. now owns 13,798 shares of the company’s stock worth $714,000 after buying an additional 2,347 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in shares of General Mills by 413.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 68,259 shares of the company’s stock worth $3,533,000 after buying an additional 54,952 shares during the last quarter. Finally, S&CO Inc. lifted its stake in shares of General Mills by 4.8% during the 3rd quarter. S&CO Inc. now owns 43,980 shares of the company’s stock worth $2,276,000 after buying an additional 2,000 shares during the last quarter. 72.77% of the stock is owned by institutional investors and hedge funds.

Shares of General Mills, Inc. (NYSE GIS) opened at $56.46 on Friday. The stock has a market cap of $32,145.23, a P/E ratio of 18.79, a P/E/G ratio of 2.11 and a beta of 0.66. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $64.06.

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 for the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. research analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Bank of America cut their target price on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Citigroup restated a “buy” rating and set a $67.00 target price on shares of General Mills in a research note on Thursday, September 21st. Susquehanna Bancshares restated a “hold” rating and set a $58.00 target price on shares of General Mills in a research note on Tuesday, September 19th. Royal Bank Of Canada restated a “hold” rating and set a $62.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $60.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average target price of $56.60.

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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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