General Mills, Inc. (GIS) Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 14.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,666 shares of the company’s stock after selling 11,000 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in General Mills were worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in General Mills by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock valued at $2,214,240,000 after acquiring an additional 533,919 shares during the period. American Century Companies Inc. boosted its holdings in General Mills by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock valued at $584,665,000 after acquiring an additional 1,550,074 shares during the period. Morgan Stanley boosted its holdings in General Mills by 29.4% during the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after acquiring an additional 1,603,577 shares during the period. Geode Capital Management LLC boosted its holdings in General Mills by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 5,814,657 shares of the company’s stock valued at $342,642,000 after acquiring an additional 295,119 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in General Mills by 94.6% during the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after acquiring an additional 2,195,397 shares during the period. Institutional investors and hedge funds own 72.78% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) traded up $0.16 during mid-day trading on Thursday, hitting $57.41. The company’s stock had a trading volume of 2,973,400 shares, compared to its average volume of 3,723,763. General Mills, Inc. has a one year low of $49.65 and a one year high of $64.06. The stock has a market cap of $32,537.38, a P/E ratio of 19.02, a P/E/G ratio of 2.13 and a beta of 0.66. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 1.83.

General Mills (NYSE:GIS) last announced its 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 company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. research analysts expect that General Mills, Inc. will post 3.1 EPS for the current year.

A number of equities research analysts have issued reports on the company. Bank of America reduced their price target on General Mills from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, September 21st. Citigroup reaffirmed a “buy” rating and issued a $67.00 price target on shares of General Mills in a research report on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 price target on shares of General Mills in a research report on Wednesday, September 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 price target on shares of General Mills in a research report on Wednesday, September 6th. Finally, 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. Four analysts have rated the stock with a sell rating, fifteen have issued 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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About General Mills

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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