Cypress Asset Management Inc. TX lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,950 shares of the company’s stock after selling 1,675 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in General Mills were worth $1,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lenox Wealth Management Inc. lifted its stake in shares of General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its stake in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC lifted its stake in shares of General Mills by 0.6% in the second quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares in the last quarter. Davis R M Inc. lifted its stake in shares of General Mills by 0.8% in the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after acquiring an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC lifted its stake in shares of General Mills by 1.3% in the second quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 72.78% of the company’s stock.

Several research analysts recently commented on GIS shares. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Friday, September 15th. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $58.00 price target on shares of General Mills in a research note on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $56.60.

Shares of General Mills, Inc. (NYSE:GIS) opened at $55.84 on Monday. General Mills, Inc. has a one year low of $49.65 and a one year high of $64.06. The stock has a market capitalization of $31,740.00, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 2.08 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 (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. equities research analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

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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.

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

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