Morningstar Investment Services LLC reduced its holdings in General Mills, Inc. (NYSE:GIS) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 767,395 shares of the company’s stock after selling 25,786 shares during the period. Morningstar Investment Services LLC owned approximately 0.14% of General Mills worth $39,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in General Mills by 1.4% during the second quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after purchasing an additional 533,919 shares during the period. American Century Companies Inc. raised its stake in General Mills by 15.9% during the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after purchasing an additional 1,550,074 shares during the period. Bank of New York Mellon Corp raised its stake in General Mills by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock worth $387,691,000 after purchasing an additional 890,262 shares during the period. Morgan Stanley raised its stake in General Mills by 29.4% during the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after purchasing an additional 1,603,577 shares during the period. Finally, Geode Capital Management LLC raised its stake in General Mills by 5.3% during the first quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock worth $342,642,000 after purchasing an additional 295,119 shares during the period. 72.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Mills, Inc. (GIS) traded up $0.17 during mid-day trading on Wednesday, hitting $56.06. 2,785,800 shares of the company were exchanged, compared to its average volume of 3,716,712. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $31,764.44, a PE ratio of 18.57, a P/E/G ratio of 2.08 and a beta of 0.66. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $64.06.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. equities analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Susquehanna Bancshares reiterated a “hold” rating and set a $58.00 price target on shares of General Mills in a research report on Tuesday, September 19th. Consumer Edge upgraded shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $62.00 price target on shares of General Mills in a research report on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and a consensus price target of $56.60.

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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.

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

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