Symons Capital Management Inc. lowered its position in General Mills, Inc. (NYSE:GIS) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,072 shares of the company’s stock after selling 11,568 shares during the quarter. General Mills makes up approximately 3.6% of Symons Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Symons Capital Management Inc.’s holdings in General Mills were worth $14,444,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. GW Henssler & Associates Ltd. boosted its stake in shares of General Mills by 5.9% during the third quarter. GW Henssler & Associates Ltd. now owns 54,443 shares of the company’s stock valued at $2,818,000 after purchasing an additional 3,025 shares during the period. FDx Advisors Inc. boosted its stake in shares of General Mills by 5.6% during the third quarter. FDx Advisors Inc. now owns 164,304 shares of the company’s stock valued at $8,504,000 after purchasing an additional 8,753 shares during the period. Birmingham Capital Management Co. Inc. AL purchased a new stake in shares of General Mills during the third quarter valued at approximately $362,000. Essex Financial Services Inc. boosted its stake in shares of General Mills by 12.5% during the third quarter. Essex Financial Services Inc. now owns 21,714 shares of the company’s stock valued at $1,124,000 after purchasing an additional 2,418 shares during the period. Finally, Pitcairn Co. boosted its stake in shares of General Mills by 39.8% during the third quarter. Pitcairn Co. now owns 6,746 shares of the company’s stock valued at $349,000 after purchasing an additional 1,922 shares during the period. 72.78% of the stock is owned by hedge funds and other institutional investors.
General Mills, Inc. (GIS) opened at $56.66 on Monday. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $32,088.39, a price-to-earnings ratio of 18.76, a PEG ratio of 2.10 and a beta of 0.66.
A number of research firms have recently weighed in on GIS. Piper Jaffray Companies set a $56.00 price objective on General Mills and gave the company a “sell” rating in a research note on Monday, August 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. Susquehanna Bancshares set a $56.00 price target on General Mills and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Wells Fargo & Company dropped their price target on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research note on Friday, September 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued 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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