General Mills, Inc. (GIS) Holdings Trimmed by First National Trust Co.

First National Trust Co. reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,975 shares of the company’s stock after selling 1,700 shares during the period. First National Trust Co.’s holdings in General Mills were worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Private Advisor Group LLC boosted its position in shares of General Mills by 21.8% during the 2nd 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 lifted its position in General Mills by 1.8% in the 2nd quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after acquiring an additional 375 shares in the last quarter. Bfsg LLC bought a new position in General Mills in the 1st quarter valued at about $2,843,000. LVW Advisors LLC bought a new position in General Mills in the 2nd quarter valued at about $2,515,000. Finally, PVG Asset Management Corp bought a new position in General Mills in the 1st quarter valued at about $6,352,000. Hedge funds and other institutional investors own 72.78% of the company’s stock.

General Mills, Inc. (NYSE GIS) traded down $0.61 during trading on Wednesday, hitting $57.25. 4,209,800 shares of the company’s stock traded hands, compared to its average volume of 3,726,970. General Mills, Inc. has a 1 year low of $49.65 and a 1 year 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. The company has a market cap of $32,884.07, a PE ratio of 19.22, a P/E/G ratio of 2.16 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the business earned $0.78 EPS. General Mills’s quarterly revenue was down 3.6% compared to the same quarter last year. sell-side analysts expect that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $58.00 price target on shares of General Mills in a research report on Tuesday, September 19th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Finally, Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. 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 company currently has an average rating of “Hold” and a consensus target price of $56.60.

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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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