Bell State Bank & Trust held its position in General Mills Inc. (NYSE:GIS) during the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the company’s stock at the end of the second quarter. Bell State Bank & Trust’s holdings in General Mills were worth $285,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Hallmark Capital Management Inc. acquired a new stake in General Mills during the second quarter valued at about $103,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of General Mills during the second quarter worth $107,000. Brick & Kyle Associates boosted its position in shares of General Mills by 6.7% in the second quarter. Brick & Kyle Associates now owns 1,592 shares of the company’s stock worth $114,000 after buying an additional 100 shares during the last quarter. Lenox Wealth Advisors Inc. boosted its position in shares of General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock worth $127,000 after buying an additional 13 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in shares of General Mills by 5.7% in the second quarter. Hanson & Doremus Investment Management now owns 1,866 shares of the company’s stock worth $133,000 after buying an additional 100 shares during the last quarter. 69.13% of the stock is owned by institutional investors.
General Mills Inc. (NYSE:GIS) opened at 63.90 on Tuesday. General Mills Inc. has a 12-month low of $53.53 and a 12-month high of $72.95. The stock’s 50 day moving average price is $68.79 and its 200 day moving average price is $66.20. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 23.24 and a beta of 0.38.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 21st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. General Mills had a net margin of 10.25% and a return on equity of 33.96%. The company earned $3.91 billion during the quarter. During the same quarter last year, the business posted $0.79 earnings per share. General Mills’s revenue was down 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that General Mills Inc. will post $3.10 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. Morgan Stanley reiterated a “hold” rating on shares of General Mills in a report on Sunday, July 17th. S&P Equity Research reiterated a “buy” rating and issued a $70.00 target price on shares of General Mills in a report on Tuesday. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Friday. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $60.00 target price (up previously from $58.00) on shares of General Mills in a report on Thursday, June 30th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $66.00 target price on shares of General Mills in a report on Friday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $68.22.
In other news, VP Jerald A. Young sold 27,890 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $72.03, for a total value of $2,008,916.70. Following the completion of the transaction, the vice president now directly owns 86,271 shares in the company, valued at $6,214,100.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Rose sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $71.11, for a total transaction of $711,100.00. Following the completion of the transaction, the director now owns 79,954 shares of the company’s stock, valued at $5,685,528.94. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
About General Mills
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.
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