CT Mason Sells 27,701 Shares of General Mills, Inc. (GIS)

CT Mason reduced its position in General Mills, Inc. (NYSE:GIS) by 40.2% during the first quarter, Holdings Channel reports. The institutional investor owned 41,242 shares of the company’s stock after selling 27,701 shares during the period. CT Mason’s holdings in General Mills were worth $2,434,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GIS. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of General Mills during the fourth quarter worth about $15,491,000. Lenox Wealth Advisors Inc. raised its stake in shares of General Mills by 0.8% in the first quarter. Lenox Wealth Advisors Inc. now owns 1,818 shares of the company’s stock worth $107,000 after buying an additional 14 shares in the last quarter. Cribstone Capital Management LLC raised its stake in shares of General Mills by 275.6% in the first quarter. Cribstone Capital Management LLC now owns 2,017 shares of the company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. Commonwealth Financial Services LLC raised its stake in shares of General Mills by 1,239.8% in the first quarter. Commonwealth Financial Services LLC now owns 2,224 shares of the company’s stock worth $130,000 after buying an additional 2,058 shares in the last quarter. Finally, Perennial Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $165,000. 69.77% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

General Mills, Inc. (NYSE GIS) traded up 0.113% during midday trading on Wednesday, hitting $57.595. The company had a trading volume of 1,488,298 shares. General Mills, Inc. has a 52-week low of $55.57 and a 52-week high of $72.95. The stock has a 50 day moving average of $56.99 and a 200 day moving average of $60.04. The firm has a market cap of $33.18 billion, a price-to-earnings ratio of 21.339 and a beta of 0.56.

General Mills (NYSE:GIS) last released its quarterly earnings data on Tuesday, March 21st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. General Mills had a return on equity of 34.82% and a net margin of 9.47%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the company posted $0.65 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, analysts anticipate that General Mills, Inc. will post $3.05 EPS for the current year.

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A number of analysts have recently issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $59.00 price target (down from $62.00) on shares of General Mills in a research note on Tuesday, May 30th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Piper Jaffray Companies assumed coverage on General Mills in a research note on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 price target on the stock. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Thursday, March 23rd. Finally, Royal Bank of Canada set a $65.00 price target on General Mills and gave the stock a “hold” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $63.67.

In other General Mills news, insider Jonathon Nudi bought 1,800 shares of the stock in a transaction dated Wednesday, April 12th. The stock was bought at an average cost of $57.45 per share, for a total transaction of $103,410.00. Following the completion of the purchase, the insider now directly owns 34,077 shares of the company’s stock, valued at $1,957,723.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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