CHICAGO TRUST Co NA Has $626,000 Stake in General Mills, Inc. (GIS)

CHICAGO TRUST Co NA lowered its position in General Mills, Inc. (NYSE:GIS) by 17.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,304 shares of the company’s stock after selling 2,336 shares during the period. CHICAGO TRUST Co NA’s holdings in General Mills were worth $626,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in General Mills by 3.1% during the 1st quarter. American Century Companies Inc. now owns 9,086,471 shares of the company’s stock worth $536,193,000 after purchasing an additional 269,906 shares during the last quarter. Morgan Stanley grew its position in General Mills by 29.4% during the 1st 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 last quarter. Bank of New York Mellon Corp grew its position in General Mills by 26.1% during the 1st quarter. Bank of New York Mellon Corp now owns 7,013,411 shares of the company’s stock worth $413,862,000 after purchasing an additional 1,449,632 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $342,642,000 after purchasing an additional 295,119 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in General Mills by 0.6% during the 1st quarter. APG Asset Management N.V. now owns 4,728,629 shares of the company’s stock worth $279,036,000 after purchasing an additional 26,500 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors.

GIS has been the topic of several research analyst reports. Vetr raised shares of General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price on the stock in a research report on Tuesday, June 27th. BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Morgan Stanley reissued an “equal weight” rating and set a $55.00 target price (down previously from $58.00) on shares of General Mills in a research report on Sunday, June 25th. BMO Capital Markets reissued a “hold” rating and set a $67.00 target price on shares of General Mills in a research report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and an average price target of $59.52.

Shares of General Mills, Inc. (NYSE GIS) traded up 1.26% during midday trading on Friday, reaching $55.35. 3,388,949 shares of the company traded hands. The stock has a market capitalization of $31.94 billion, a P/E ratio of 19.98 and a beta of 0.62. The stock’s 50-day moving average is $55.64 and its 200-day moving average is $57.06. General Mills, Inc. has a 1-year low of $52.76 and a 1-year high of $66.53.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $0.66 earnings per share. General Mills’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that General Mills, Inc. will post $3.11 EPS for the current fiscal year.

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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.

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

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