General Mills, Inc. (GIS) Shares Bought by Todd Asset Management LLC
Todd Asset Management LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 14.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,763 shares of the company’s stock after acquiring an additional 3,046 shares during the period. Todd Asset Management LLC’s holdings in General Mills were worth $1,230,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lenox Wealth Advisors Inc. lifted its stake in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after purchasing an additional 15 shares during the last quarter. Cable Hill Partners LLC lifted its stake in General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after purchasing an additional 1,647 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after purchasing an additional 1,459 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock worth $136,000 after purchasing an additional 69 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock worth $146,000 after purchasing an additional 627 shares during the last quarter. 72.78% of the stock is owned by institutional investors.
Shares of General Mills, Inc. (GIS) traded down $0.61 during midday trading on Wednesday, hitting $57.25. 4,209,800 shares of the company traded hands, compared to its average volume of 3,726,970. General Mills, Inc. has a one year low of $49.65 and a one year high of $64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The stock has a market capitalization 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 announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. General Mills’s quarterly revenue was down 3.6% compared to the same quarter last year. equities analysts anticipate that General Mills, Inc. will post 3.1 EPS for the current year.
Several analysts have weighed in on GIS shares. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Jefferies Group started coverage on shares of General Mills in a research report on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Societe Generale upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank Of Canada decreased their price objective on shares of General Mills from $62.00 to $58.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 21st. Finally, BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. 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 company. The company currently has a consensus rating of “Hold” and an average target price of $56.60.
General Mills 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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