Wells Fargo & Company MN cut its stake in General Mills, Inc. (NYSE:GIS) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,232,248 shares of the company’s stock after selling 159,527 shares during the quarter. Wells Fargo & Company MN owned 1.62% of General Mills worth $477,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GIS. Zeke Capital Advisors LLC grew its position in General Mills by 48.1% during the third quarter. Zeke Capital Advisors LLC now owns 26,498 shares of the company’s stock valued at $1,372,000 after buying an additional 8,608 shares during the period. Amalgamated Bank lifted its holdings in General Mills by 2.3% during the third quarter. Amalgamated Bank now owns 68,531 shares of the company’s stock valued at $3,547,000 after purchasing an additional 1,572 shares in the last quarter. LVW Advisors LLC lifted its holdings in General Mills by 26.0% during the third quarter. LVW Advisors LLC now owns 57,200 shares of the company’s stock valued at $2,961,000 after purchasing an additional 11,809 shares in the last quarter. Cadence Capital Management LLC lifted its holdings in General Mills by 10.5% during the third quarter. Cadence Capital Management LLC now owns 219,271 shares of the company’s stock valued at $11,349,000 after purchasing an additional 20,762 shares in the last quarter. Finally, Iberiabank Corp lifted its holdings in General Mills by 63.1% during the third quarter. Iberiabank Corp now owns 10,013 shares of the company’s stock valued at $517,000 after purchasing an additional 3,873 shares in the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.

General Mills, Inc. (NYSE GIS) opened at $56.89 on Friday. 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 company has a market cap of $31,900.84, a PE ratio of 18.65, a PEG ratio of 2.09 and a beta of 0.66. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.74.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Zacks’ 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 quarter in the previous year, the company posted $0.78 earnings per share. research analysts predict that General Mills, Inc. will post 3.1 EPS for the current year.

Several brokerages have weighed in on GIS. Susquehanna Bancshares set a $57.00 price target on shares of General Mills and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank of Canada set a $58.00 target price on shares of General Mills and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, Jefferies Group started coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 target price on the stock. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.66.

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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.

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

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