General Mills, Inc. (GIS) Shares Bought by Camden National Bank
Camden National Bank grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 134,498 shares of the company’s stock after purchasing an additional 2,533 shares during the period. General Mills makes up approximately 2.1% of Camden National Bank’s holdings, making the stock its 28th largest position. Camden National Bank’s holdings in General Mills were worth $6,961,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in shares of General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after acquiring an additional 9,952 shares in the last quarter. Boston Advisors LLC increased its position in shares of General Mills by 1.8% during the second quarter. Boston Advisors LLC now owns 20,859 shares of the company’s stock valued at $1,156,000 after acquiring an additional 375 shares in the last quarter. Bfsg LLC bought a new stake in shares of General Mills during the first quarter valued at approximately $2,843,000. LVW Advisors LLC bought a new stake in shares of General Mills during the second quarter valued at approximately $2,515,000. Finally, PVG Asset Management Corp bought a new stake in shares of General Mills during the first quarter valued at approximately $6,352,000. Hedge funds and other institutional investors own 72.78% of the company’s stock.
General Mills, Inc. (NYSE GIS) traded up $0.17 during trading hours on Wednesday, reaching $56.06. 2,785,800 shares of the company’s stock were exchanged, compared to its average volume of 3,716,712. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $64.06. The company has a market cap of $31,764.44, a P/E ratio of 18.57, a PEG ratio of 2.08 and a beta of 0.66.
General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. equities analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current year.
Several brokerages recently weighed in on GIS. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank of Canada set a $58.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Monday, October 23rd. Jefferies Group began coverage on shares of General Mills in a research report on Friday, October 20th. They set a “hold” rating and a $56.00 price target for the company. Finally, Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.60.
General Mills Company 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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