Los Angeles Capital Management & Equity Research Inc. Sells 462,890 Shares of General Mills, Inc. (GIS)

Los Angeles Capital Management & Equity Research Inc. lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 94.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,976 shares of the company’s stock after selling 462,890 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in General Mills were worth $1,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lenox Wealth Management Inc. grew its position in shares of General Mills by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after purchasing an additional 11 shares during the last quarter. Lenox Wealth Advisors Inc. grew its position in shares of 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 last quarter. LLBH Private Wealth Management LLC grew its position in shares of General Mills by 0.6% in the second quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after purchasing an additional 25 shares during the last quarter. Davis R M Inc. grew its position in shares of General Mills by 0.8% in the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after purchasing an additional 34 shares during the last quarter. Finally, CFO4Life Group LLC grew its position in shares of General Mills by 1.3% in the second quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock valued at $212,000 after purchasing an additional 48 shares during the last quarter. 72.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Mills, Inc. (NYSE GIS) traded down $0.61 during mid-day trading on Wednesday, hitting $57.25. The company had a trading volume of 4,209,800 shares, compared to its average volume of 3,726,970. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $32,884.07, a PE ratio of 19.22, a P/E/G ratio of 2.16 and a beta of 0.66. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $64.06.

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

Several research firms have recently commented on GIS. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Wells Fargo & Company decreased their target price on General Mills from $56.00 to $53.00 and set a “market perform” rating on the stock in a research report on Friday, September 22nd. Susquehanna Bancshares set a $56.00 target price on General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of General Mills in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. General Mills currently has an average rating of “Hold” and an average price target of $56.60.

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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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