General Mills, Inc. (GIS) Position Raised by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 55.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,725 shares of the company’s stock after purchasing an additional 4,558 shares during the period. Wellington Shields & Co. LLC’s holdings in General Mills were worth $659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. increased its stake in shares of General Mills by 0.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after buying an additional 11 shares during the period. Lenox Wealth Advisors Inc. increased its stake in shares of General Mills by 0.8% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares during the period. LLBH Private Wealth Management LLC increased its stake in shares of General Mills by 0.6% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after buying an additional 25 shares during the period. Davis R M Inc. increased its stake in shares of General Mills by 0.8% in the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after buying an additional 34 shares during the period. Finally, CFO4Life Group LLC increased its stake in shares of General Mills by 1.3% in the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock valued at $212,000 after buying an additional 48 shares during the period. 72.78% of the stock is owned by institutional investors.

General Mills, Inc. (NYSE GIS) traded down $0.61 during trading hours on Wednesday, hitting $57.25. The stock had a trading volume of 4,209,800 shares, compared to its average volume of 3,726,970. General Mills, Inc. has a 1-year low of $49.65 and a 1-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 company has a market cap of $32,884.07, a price-to-earnings ratio of 19.22, a P/E/G ratio of 2.16 and a beta of 0.66.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. sell-side analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current year.

Several equities research analysts have recently commented on GIS shares. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Jefferies Group started coverage on General Mills in a research note on Friday, October 20th. They issued a “hold” rating and a $56.00 target price for the company. Societe Generale raised General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada lowered their target price on General Mills from $62.00 to $58.00 and set a “sector perform” rating for the company in a research note on Thursday, September 21st. Finally, BidaskClub raised General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.60.

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About General Mills

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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