Pillar Pacific Capital Management LLC maintained its stake in General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,000 shares of the company’s stock at the close of the second quarter. Pillar Pacific Capital Management LLC’s holdings in General Mills were worth $222,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Honkamp Krueger Financial Services Inc. boosted its holdings in shares of General Mills by 1.0% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 10,348 shares of the company’s stock worth $573,000 after purchasing an additional 103 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in shares of General Mills by 7.4% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 15,393 shares of the company’s stock worth $853,000 after purchasing an additional 1,059 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of General Mills by 2.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,977 shares of the company’s stock worth $276,000 after purchasing an additional 133 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of General Mills by 2.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 231,332 shares of the company’s stock worth $12,816,000 after purchasing an additional 5,737 shares during the period. Finally, Schnieders Capital Management LLC boosted its holdings in shares of General Mills by 11.7% in the 2nd quarter. Schnieders Capital Management LLC now owns 33,463 shares of the company’s stock worth $1,854,000 after purchasing an additional 3,510 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.
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General Mills, Inc. (NYSE:GIS) opened at 55.35 on Monday. General Mills, Inc. has a 52-week low of $52.76 and a 52-week high of $66.98. The stock has a 50 day moving average price of $55.64 and a 200 day moving average price of $57.06. The company has a market capitalization of $31.94 billion, a price-to-earnings ratio of 19.98 and a beta of 0.62.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.75 billion. General Mills had a return on equity of 38.97% and a net margin of 10.61%. General Mills’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. On average, equities analysts expect that General Mills, Inc. will post $3.11 earnings per share for the current year.
GIS has been the subject of a number of recent research reports. Vetr upgraded General Mills from a “hold” rating to a “buy” rating and set a $57.82 target price for the company in a report on Tuesday, June 27th. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $55.00 target price (down previously from $58.00) on shares of General Mills in a report on Sunday, June 25th. BMO Capital Markets reiterated a “hold” rating and issued a $67.00 target price on shares of General Mills in a report on Thursday, June 15th. Finally, Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.52.
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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