General Mills Inc. (NYSE:GIS) posted its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The firm earned $3.91 billion during the quarter, compared to analysts’ expectations of $3.92 billion. General Mills had a return on equity of 33.96% and a net margin of 10.25%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS.

Shares of General Mills (NYSE:GIS) opened at 65.26 on Thursday. The company has a 50-day moving average price of $69.28 and a 200 day moving average price of $66.06. General Mills has a 12-month low of $53.53 and a 12-month high of $72.95. The firm has a market capitalization of $38.96 billion, a PE ratio of 23.56 and a beta of 0.38.

Earnings History for General Mills (NYSE:GIS)

In related news, insider John R. Church sold 99,373 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $71.17, for a total transaction of $7,072,376.41. Following the completion of the transaction, the insider now directly owns 108,311 shares in the company, valued at approximately $7,708,493.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dorothy A. Terrell sold 13,556 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $71.70, for a total transaction of $971,965.20. Following the transaction, the director now owns 72,542 shares of the company’s stock, valued at $5,201,261.40. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in General Mills by 34.5% in the second quarter. American Century Companies Inc. now owns 6,546,046 shares of the company’s stock valued at $466,864,000 after buying an additional 1,679,776 shares during the last quarter. Bank of Nova Scotia boosted its position in General Mills by 6.0% in the second quarter. Bank of Nova Scotia now owns 11,857 shares of the company’s stock valued at $846,000 after buying an additional 670 shares during the last quarter. Advantus Capital Management Inc boosted its position in General Mills by 1.1% in the second quarter. Advantus Capital Management Inc now owns 58,368 shares of the company’s stock valued at $4,163,000 after buying an additional 650 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in General Mills by 146.8% in the second quarter. Mycio Wealth Partners LLC now owns 4,010 shares of the company’s stock valued at $286,000 after buying an additional 2,385 shares during the last quarter. Finally, Advisor Partners LLC boosted its position in General Mills by 2.6% in the second quarter. Advisor Partners LLC now owns 8,464 shares of the company’s stock valued at $604,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

A number of research firms have recently weighed in on GIS. Consumer Edge cut General Mills from a “neutral” rating to an “underperform” rating in a research report on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $67.00 price target on shares of General Mills in a research report on Wednesday, September 14th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $74.00 price target on shares of General Mills in a research report on Thursday, September 8th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of General Mills in a research report on Sunday, July 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. General Mills has a consensus rating of “Hold” and an average target price of $67.40.

About General Mills

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.

5 Day Chart for NYSE:GIS

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