Moneta Group Investment Advisors LLC grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 92.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,289 shares of the company’s stock after buying an additional 7,825 shares during the period. Moneta Group Investment Advisors LLC’s holdings in General Mills were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bragg Financial Advisors Inc grew its stake in General Mills by 1.0% in the 1st quarter. Bragg Financial Advisors Inc now owns 36,123 shares of the company’s stock valued at $1,869,000 after buying an additional 345 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in General Mills by 58.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 161,292 shares of the company’s stock valued at $8,347,000 after acquiring an additional 59,204 shares during the period. Chesley Taft & Associates LLC grew its stake in shares of General Mills by 2.3% in the 2nd quarter. Chesley Taft & Associates LLC now owns 26,905 shares of the company’s stock valued at $1,413,000 after purchasing an additional 600 shares during the period. Private Ocean LLC grew its position in General Mills by 585.4% in the first quarter. Private Ocean LLC now owns 1,405 shares of the company’s stock valued at $73,000 after acquiring an additional 1,200 shares during the period. Finally, BBT Capital Management LLC bought a new stake in shares of General Mills in the 2nd quarter worth about $266,000. 68.97% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on GIS. Piper Jaffray Companies raised their price target on shares of General Mills from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Edward Jones raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Morgan Stanley increased their target price on shares of General Mills from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, June 27th. UBS Group lifted their price target on shares of General Mills from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Finally, Guggenheim boosted their price target on shares of General Mills from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.98.

GIS stock traded down $0.09 during mid-day trading on Wednesday, hitting $54.44. The stock had a trading volume of 2,381,671 shares, compared to its average volume of 3,366,674. The company has a current ratio of 0.59, a quick ratio of 0.37 and a debt-to-equity ratio of 1.58. General Mills, Inc. has a 52 week low of $36.42 and a 52 week high of $56.40. The firm has a market capitalization of $33.55 billion, a P/E ratio of 16.91, a P/E/G ratio of 2.36 and a beta of 0.74. The firm has a fifty day simple moving average of $53.93 and a 200 day simple moving average of $51.81.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 26th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.07. General Mills had a net margin of 10.39% and a return on equity of 27.67%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that General Mills, Inc. will post 3.37 earnings per share for the current fiscal year.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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