Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of General Mills, Inc. (NYSE:GIS) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,984 shares of the company’s stock after purchasing an additional 5,612 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in General Mills were worth $7,142,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ProVise Management Group LLC lifted its holdings in General Mills by 51.3% during the 3rd quarter. ProVise Management Group LLC now owns 53,700 shares of the company’s stock valued at $2,780,000 after buying an additional 18,219 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in General Mills by 53.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,600 shares of the company’s stock valued at $238,000 after buying an additional 1,600 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in General Mills by 19.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 42,973 shares of the company’s stock valued at $2,224,000 after buying an additional 7,010 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in General Mills by 7.9% during the 3rd quarter. Pacer Advisors Inc. now owns 30,156 shares of the company’s stock valued at $1,561,000 after buying an additional 2,205 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in General Mills by 38.8% during the 3rd quarter. NEXT Financial Group Inc now owns 20,400 shares of the company’s stock valued at $1,051,000 after buying an additional 5,701 shares in the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Wells Fargo & Company reduced their price target on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, September 22nd. BMO Capital Markets restated a “hold” rating and issued a $60.00 price target on shares of General Mills in a report on Wednesday, September 6th. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group restated a “sell” rating on shares of General Mills in a report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.60.

General Mills, Inc. (NYSE GIS) traded up $0.05 during trading hours on Tuesday, reaching $55.89. 3,303,300 shares of the company’s stock traded hands, compared to its average volume of 3,720,624. The stock has a market cap of $31,730.34, a P/E ratio of 18.55, a PEG ratio of 2.08 and a beta of 0.66. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $64.06. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share 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 analysts’ expectations of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. research analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.

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General Mills Company 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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