General Mills, Inc. (GIS) Shares Bought by CAPROCK Group Inc.

CAPROCK Group Inc. raised its holdings in General Mills, Inc. (NYSE:GIS) by 92.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,837 shares of the company’s stock after purchasing an additional 6,160 shares during the quarter. CAPROCK Group Inc.’s holdings in General Mills were worth $711,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Lenox Wealth Advisors Inc. raised its position in General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after purchasing an additional 15 shares during the period. Winslow Evans & Crocker Inc. raised its position in General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after purchasing an additional 69 shares during the period. Hanson McClain Inc. raised its position in General Mills by 1.5% in the first quarter. Hanson McClain Inc. now owns 2,346 shares of the company’s stock valued at $138,000 after purchasing an additional 35 shares during the period. IHT Wealth Management LLC raised its position in General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after purchasing an additional 627 shares during the period. Finally, Assetmark Inc. raised its position in General Mills by 11.2% in the first quarter. Assetmark Inc. now owns 2,506 shares of the company’s stock valued at $148,000 after purchasing an additional 253 shares during the period. Institutional investors own 69.49% of the company’s stock.

General Mills, Inc. (NYSE:GIS) opened at 55.78 on Tuesday. The company’s 50-day moving average price is $55.68 and its 200 day moving average price is $56.98. General Mills, Inc. has a 1-year low of $52.76 and a 1-year high of $66.53. The firm has a market capitalization of $32.19 billion, a PE ratio of 20.14 and a beta of 0.62.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company posted $0.66 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that General Mills, Inc. will post $3.11 EPS for the current year.

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced their target price on General Mills from $65.00 to $62.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, August 8th. UBS AG reaffirmed a “neutral” rating and issued a $58.00 price objective (down from $61.00) on shares of General Mills in a research note on Friday, June 30th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $56.00 price objective (down from $57.00) on shares of General Mills in a research note on Monday, June 19th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. General Mills currently has an average rating of “Hold” and an average target price of $59.52.

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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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