Amalgamated Bank Buys 1,572 Shares of General Mills, Inc. (GIS)
Amalgamated Bank increased its stake in General Mills, Inc. (NYSE:GIS) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,531 shares of the company’s stock after purchasing an additional 1,572 shares during the period. Amalgamated Bank’s holdings in General Mills were worth $3,547,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lenox Wealth Advisors Inc. raised its stake in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after acquiring an additional 15 shares in the last quarter. Cable Hill Partners LLC raised its stake in General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after acquiring an additional 1,459 shares in the last quarter. Spectrum Management Group Inc. bought a new stake in General Mills during the 3rd quarter valued at $135,000. Finally, Winslow Evans & Crocker Inc. raised its stake in General Mills by 2.9% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after acquiring an additional 69 shares in the last quarter. 72.78% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on GIS. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group began coverage on General Mills in a research report on Friday, October 20th. They set a “hold” rating and a $56.00 price target on the stock. Royal Bank of Canada set a $58.00 price target on General Mills and gave the company a “hold” rating in a research report on Monday, October 23rd. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.66.
Shares of General Mills, Inc. (GIS) opened at $56.89 on Friday. The stock has a market capitalization of $31,900.84, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.09 and a beta of 0.66. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $63.74. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. equities analysts forecast that General Mills, Inc. will post 3.1 EPS for the current year.
General Mills Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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