Meyer Handelman Co. maintained its stake in General Mills Inc. (NYSE:GIS) during the second quarter, Holdings Channel reports. The institutional investor owned 128,080 shares of the company’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in General Mills were worth $9,134,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GIS. Lenox Wealth Advisors Inc. raised its stake in 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 during the period. BlueMountain Capital Management LLC raised its stake in 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 during the period. Stuart Chaussee & Associates Inc. raised its stake in 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 during the period. Trust Department MB Financial Bank N A raised its stake in General Mills by 73.1% in the second quarter. Trust Department MB Financial Bank N A now owns 3,158 shares of the company’s stock valued at $176,000 after buying an additional 1,334 shares during the period. Finally, Daiwa SB Investments Ltd. raised its stake in 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 during the period. Institutional investors own 69.14% of the company’s stock.

General Mills Inc. (NYSE:GIS) traded down 0.53% on Friday, reaching $65.19. The company’s stock had a trading volume of 3,705,320 shares. General Mills Inc. has a 52 week low of $53.53 and a 52 week high of $72.95. The stock has a market capitalization of $38.92 billion, a P/E ratio of 23.53 and a beta of 0.38. The firm has a 50 day moving average price of $70.32 and a 200 day moving average price of $65.86.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. General Mills had a net margin of 10.25% and a return on equity of 33.96%. The business earned $3.93 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the company posted $0.75 EPS. The company’s revenue was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that General Mills Inc. will post $3.10 EPS for the current year.

GIS has been the subject of several research reports. Citigroup Inc. reiterated a “buy” rating on shares of General Mills in a research note on Sunday, May 22nd. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Friday, June 24th. Morgan Stanley restated an “equal weight” rating and set a $63.00 target price on shares of General Mills in a report on Thursday, June 30th. Susquehanna restated a “hold” rating and set a $59.00 target price on shares of General Mills in a report on Tuesday, June 28th. Finally, Deutsche Bank AG restated a “hold” rating and set a $63.00 target price (up from $62.00) on shares of General Mills in a report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $67.40.

In other news, insider John R. Church sold 99,373 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,708,493.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey L. Harmening sold 33,150 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $71.05, for a total transaction of $2,355,307.50. Following the transaction, the chief operating officer now directly owns 133,106 shares of the company’s stock, valued at $9,457,181.30. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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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