BB&T Investment Services Inc. grew its position in General Mills, Inc. (NYSE:GIS) by 60.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,514 shares of the company’s stock after acquiring an additional 7,349 shares during the period. BB&T Investment Services Inc.’s holdings in General Mills were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC increased its stake in shares of General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares in the last quarter. Boston Advisors LLC increased its stake in shares of General Mills by 1.8% during the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock worth $1,156,000 after purchasing an additional 375 shares in the last quarter. Bfsg LLC purchased a new stake in shares of General Mills during the first quarter worth about $2,843,000. LVW Advisors LLC purchased a new stake in shares of General Mills during the second quarter worth about $2,515,000. Finally, PVG Asset Management Corp purchased a new stake in shares of General Mills during the first quarter worth about $6,352,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) opened at $57.63 on Wednesday. General Mills, Inc. has a one year low of $49.65 and a one year high of $63.73. 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 cap of $32,849.96, a P/E ratio of 19.20, a PEG ratio of 2.15 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly 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). 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 during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the company earned $0.78 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. sell-side analysts forecast that General Mills, Inc. will post 3.1 earnings per share for the current year.

A number of analysts have recently commented 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. Susquehanna Bancshares set a $60.00 target price on shares of General Mills and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup reissued a “buy” rating and set a $67.00 target price on shares of General Mills in a research note on Thursday, September 21st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $62.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $57.38.

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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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