Commerce Bank cut its position in shares of General Mills, Inc. (NYSE:GIS) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,394 shares of the company’s stock after selling 16,917 shares during the period. Commerce Bank’s holdings in General Mills were worth $12,340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Lenox Wealth Advisors Inc. grew its holdings in shares of General Mills by 0.8% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after purchasing an additional 15 shares in the last quarter. Cable Hill Partners LLC grew its holdings in shares of General Mills by 274.5% in the third quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after purchasing an additional 1,647 shares in the last quarter. Winslow Evans & Crocker Inc. grew its holdings in shares of General Mills by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,461 shares of the company’s stock valued at $136,000 after purchasing an additional 69 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of General Mills by 33.4% in the first quarter. IHT Wealth Management LLC now owns 2,506 shares of the company’s stock valued at $146,000 after purchasing an additional 627 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of General Mills by 127.3% in the third quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after purchasing an additional 1,459 shares in the last quarter. 72.78% of the stock is currently owned by institutional investors.

GIS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Friday, September 15th. BidaskClub upgraded shares of General Mills from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and set a $67.00 price target on shares of General Mills in a report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and set a $52.00 price target (down previously from $55.00) on shares of General Mills in a report on Thursday, September 21st. Finally, Susquehanna Bancshares restated a “hold” rating and set a $58.00 price objective on shares of General Mills in a research report on Tuesday, September 19th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. General Mills presently has a consensus rating of “Hold” and a consensus target price of $56.60.

General Mills, Inc. (GIS) traded down $0.72 during mid-day trading on Friday, hitting $56.69. 3,129,900 shares of the stock were exchanged, compared to its average volume of 3,721,247. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The firm has a market capitalization of $32,220.00, a P/E ratio of 19.07, a P/E/G ratio of 2.14 and a beta of 0.66.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. research analysts forecast that General Mills, Inc. will post 3.1 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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