Guyasuta Investment Advisors Inc. lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 39.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,717 shares of the company’s stock after selling 22,891 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in General Mills were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in General Mills by 1.4% in the second quarter. Vanguard Group Inc. now owns 39,968,232 shares of the company’s stock worth $2,214,240,000 after purchasing an additional 533,919 shares during the period. American Century Companies Inc. boosted its holdings in General Mills by 15.9% in the third quarter. American Century Companies Inc. now owns 11,295,701 shares of the company’s stock worth $584,665,000 after purchasing an additional 1,550,074 shares during the period. American International Group Inc. boosted its holdings in General Mills by 1,708.4% in the third quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock worth $467,276,000 after purchasing an additional 8,528,534 shares during the period. Bank of New York Mellon Corp boosted its holdings in General Mills by 13.5% in the third quarter. Bank of New York Mellon Corp now owns 7,490,175 shares of the company’s stock worth $387,691,000 after purchasing an additional 890,262 shares during the period. Finally, Morgan Stanley boosted its holdings in General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock worth $416,318,000 after purchasing an additional 1,603,577 shares during the period. 72.78% of the stock is owned by institutional investors and hedge funds.
Shares of General Mills, Inc. (NYSE:GIS) traded up $0.17 during midday trading on Wednesday, hitting $56.06. 2,785,800 shares of the company were exchanged, compared to its average volume of 3,716,712. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week 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 company has a market capitalization of $31,764.44, a PE ratio of 18.57, a P/E/G ratio of 2.08 and a beta of 0.66.
A number of research firms have commented on GIS. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Susquehanna Bancshares reiterated a “hold” rating and issued a $58.00 target price on shares of General Mills in a research note on Tuesday, September 19th. Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research note on Friday, September 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of General Mills in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus 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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