General Mills, Inc. (GIS) Stake Increased by Associated Banc Corp
Associated Banc Corp lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,975 shares of the company’s stock after buying an additional 3,095 shares during the quarter. Associated Banc Corp’s holdings in General Mills were worth $1,655,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. American International Group Inc. raised its position in General Mills by 1,708.4% in the 3rd quarter. American International Group Inc. now owns 9,027,740 shares of the company’s stock valued at $467,276,000 after purchasing an additional 8,528,534 shares during the last quarter. Flossbach Von Storch AG purchased a new stake in General Mills in the 2nd quarter valued at $227,578,000. Janus Henderson Group PLC raised its position in General Mills by 3,178.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after purchasing an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA raised its position in General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after purchasing an additional 2,195,397 shares during the last quarter. Finally, Morgan Stanley raised its position in General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after purchasing an additional 1,603,577 shares during the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.
General Mills, Inc. (GIS) opened at $56.89 on Friday. 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 stock has a market cap of $32,332.80, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.12 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.
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 consensus estimate of $0.76 by ($0.05). The firm had revenue of $3.77 billion during 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%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. equities research analysts anticipate that General Mills, Inc. will post 3.1 earnings per share for the current fiscal year.
Several research firms recently commented on GIS. Susquehanna Bancshares set a $57.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $57.00 price target (down previously from $60.00) on shares of General Mills in a research report on Thursday, September 21st. Piper Jaffray Companies reiterated a “sell” rating and issued a $53.00 price target on shares of General Mills in a research report on Thursday, September 21st. Finally, Wells Fargo & Company reduced their price target on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research report on Friday, September 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $56.66.
ILLEGAL ACTIVITY WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.watchlistnews.com/general-mills-inc-gis-stake-increased-by-associated-banc-corp/1769482.html.
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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with Analyst Ratings Network's FREE daily email newsletter.