General Mills, Inc. (GIS) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC reduced its stake in General Mills, Inc. (NYSE:GIS) by 38.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,808 shares of the company’s stock after selling 5,500 shares during the period. Woodmont Investment Counsel LLC’s holdings in General Mills were worth $456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Lenox Wealth Management Inc. grew its stake in General Mills by 0.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares in the last quarter. Lenox Wealth Advisors Inc. grew its stake in General Mills by 0.8% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC grew its stake in General Mills by 0.6% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock worth $241,000 after acquiring an additional 25 shares in the last quarter. Davis R M Inc. grew its stake in General Mills by 0.8% in the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock worth $233,000 after acquiring an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC grew its stake in General Mills by 1.3% in the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) opened at $56.89 on Friday. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $63.74. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. The company has a market cap of $32,332.80, a P/E ratio of 18.90, a P/E/G ratio of 2.12 and a beta of 0.66.

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

GIS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Jefferies Group initiated coverage on shares of General Mills in a research report on Friday, October 20th. They issued a “hold” rating and a $56.00 price target for the company. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank of Canada lowered their price target on shares of General Mills from $62.00 to $58.00 and set a “sector perform” rating for the company in a research report on Thursday, September 21st. Finally, BidaskClub raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.66.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/12/17/general-mills-inc-gis-shares-sold-by-woodmont-investment-counsel-llc.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).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply