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.
WARNING: This piece was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2017/09/10/chicago-trust-co-na-has-626000-stake-in-general-mills-inc-gis.html.
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.
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).
Receive News & Ratings for General Mills Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills Inc. and related companies with MarketBeat.com's FREE daily email newsletter.