Wagner Bowman Management Corp lowered its stake in shares of General Mills Inc. (NYSE:GIS) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 9,908 shares of the company’s stock after selling 400 shares during the period. Wagner Bowman Management Corp’s holdings in General Mills were worth $706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lenox Wealth Advisors Inc. boosted 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 period. BlueMountain Capital Management LLC boosted its position 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 during the period. Stuart Chaussee & Associates Inc. boosted its position 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 during the period. Trust Department MB Financial Bank N A boosted its position in shares of 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. boosted its position 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 during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Shares of General Mills Inc. (NYSE:GIS) traded up 0.87% during midday trading on Wednesday, hitting $65.26. The company’s stock had a trading volume of 5,468,920 shares. General Mills Inc. has a 52-week low of $53.53 and a 52-week high of $72.95. The stock’s 50 day moving average is $69.28 and its 200-day moving average is $66.06. The firm has a market cap of $38.96 billion, a P/E ratio of 23.56 and a beta of 0.38.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 21st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. General Mills had a return on equity of 33.96% and a net margin of 10.25%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s revenue was down 7.3% compared to the same quarter last year. Equities analysts predict that General Mills Inc. will post $3.10 EPS for the current fiscal year.

Several research analysts recently commented on GIS shares. Citigroup Inc. reissued a “buy” rating and set a $76.00 price target (up from $72.00) on shares of General Mills in a research report on Wednesday, June 29th. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, June 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $63.00 price objective on shares of General Mills in a research report on Thursday, June 30th. Susquehanna reaffirmed a “hold” rating and issued a $59.00 price objective on shares of General Mills in a research report on Tuesday, June 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $63.00 price objective (up from $62.00) on shares of General Mills in a research report on Thursday, June 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $67.40.

In other news, COO Jeffrey L. Harmening sold 33,150 shares of the business’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 value of $2,355,307.50. Following the transaction, the chief operating officer now owns 133,106 shares in the company, valued at approximately $9,457,181.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Church sold 99,373 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $71.17, for a total value of $7,072,376.41. Following the completion of the transaction, the insider now owns 108,311 shares in the company, valued at approximately $7,708,493.87. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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

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).

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