GaveKal Capital LLC raised its stake in shares of General Mills Inc. (NYSE:GIS) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 273,177 shares of the company’s stock after buying an additional 12,990 shares during the period. General Mills accounts for approximately 6.0% of GaveKal Capital LLC’s portfolio, making the stock its largest position. GaveKal Capital LLC’s holdings in General Mills were worth $19,483,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GIS. Lenox Wealth Advisors Inc. raised its stake in shares of General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock valued at $127,000 after buying an additional 13 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in shares of General Mills by 15.6% in the first quarter. BlueMountain Capital Management LLC now owns 2,277 shares of the company’s stock valued at $144,000 after buying an additional 308 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its stake in shares of General Mills by 54.9% in the second quarter. Stuart Chaussee & Associates Inc. now owns 2,383 shares of the company’s stock valued at $171,000 after buying an additional 845 shares in the last quarter. Ronna Sue Cohen acquired a new stake in shares of General Mills during the second quarter valued at about $215,000. Finally, Daiwa SB Investments Ltd. raised its stake in shares of General Mills by 887.1% in the second quarter. Daiwa SB Investments Ltd. now owns 3,060 shares of the company’s stock valued at $208,000 after buying an additional 2,750 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

General Mills Inc. (NYSE:GIS) traded down 0.53% during mid-day trading on Friday, reaching $65.19. The company had a trading volume of 3,705,320 shares. The company has a market capitalization of $38.92 billion, a PE ratio of 23.53 and a beta of 0.38. General Mills Inc. has a 1-year low of $53.53 and a 1-year high of $72.95. The firm has a 50-day moving average of $70.32 and a 200 day moving average of $65.86.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 29th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. General Mills had a return on equity of 33.96% and a net margin of 10.25%. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. General Mills’s revenue was down 8.6% on a year-over-year basis. On average, analysts predict that General Mills Inc. will post $3.10 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on GIS shares. Morgan Stanley reissued a “hold” rating on shares of General Mills in a report on Sunday, July 17th. Royal Bank Of Canada lifted their price objective on General Mills from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 30th. Citigroup Inc. reissued a “buy” rating and issued a $76.00 price objective (up previously from $72.00) on shares of General Mills in a report on Wednesday, June 29th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $60.00 price objective (up previously from $58.00) on shares of General Mills in a report on Thursday, June 30th. Finally, Bank of America Corp. reissued a “sell” rating on shares of General Mills in a report on Tuesday, May 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average price target of $67.40.

In other General Mills news, VP Jerald A. Young sold 27,890 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $72.03, for a total value of $2,008,916.70. Following the completion of the sale, the vice president now owns 86,271 shares in the company, valued at $6,214,100.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael D. Rose sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $72.32, for a total value of $723,200.00. Following the completion of the sale, the director now owns 71,240 shares of the company’s stock, valued at approximately $5,152,076.80. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.

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