TCI Wealth Advisors Inc. raised its stake in General Mills Inc. (NYSE:GIS) by 16.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,126 shares of the company’s stock after buying an additional 1,451 shares during the period. TCI Wealth Advisors Inc.’s holdings in General Mills were worth $722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lenox Wealth Advisors Inc. raised its position 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 during the last quarter. Wagner Bowman Management Corp raised its position in shares of General Mills by 0.3% in the first quarter. Wagner Bowman Management Corp now owns 10,308 shares of the company’s stock valued at $653,000 after buying an additional 26 shares during the last quarter. Piershale Financial Group Inc. raised its position in shares of General Mills by 0.8% in the first quarter. Piershale Financial Group Inc. now owns 4,263 shares of the company’s stock valued at $270,000 after buying an additional 33 shares during the last quarter. SSI Investment Management Inc. raised its position in shares of General Mills by 1.4% in the second quarter. SSI Investment Management Inc. now owns 3,635 shares of the company’s stock valued at $258,000 after buying an additional 49 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in shares of General Mills by 1.0% in the first quarter. Prospera Financial Services Inc now owns 5,111 shares of the company’s stock valued at $324,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

General Mills Inc. (NYSE:GIS) traded down 0.06% during midday trading on Monday, hitting $65.15. 1,332,717 shares of the stock were exchanged. The company’s 50 day moving average is $70.32 and its 200 day moving average is $65.86. The company has a market capitalization of $38.90 billion, a P/E ratio of 23.52 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.

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

GIS has been the topic of several research analyst reports. Zacks Investment Research lowered shares of General Mills from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price objective (up from $64.00) on shares of General Mills in a research report on Friday, June 17th. Deutsche Bank AG reissued a “hold” rating and issued a $67.00 price objective on shares of General Mills in a research report on Wednesday, September 14th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $61.00 price objective (up from $60.00) on shares of General Mills in a research report on Friday, July 15th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $74.00 price objective on shares of General Mills in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average target price of $67.40.

In other news, 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 transaction of $723,200.00. Following the sale, the director now directly owns 71,240 shares in the company, valued at $5,152,076.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dorothy A. Terrell sold 13,556 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $71.70, for a total value of $971,965.20. Following the sale, the director now owns 72,542 shares in the company, valued at $5,201,261.40. 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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