Haverford Trust Co. Has $918,000 Position in General Mills, Inc. (GIS)
Haverford Trust Co. lowered its stake in General Mills, Inc. (NYSE:GIS) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,736 shares of the company’s stock after selling 1,686 shares during the quarter. Haverford Trust Co.’s holdings in General Mills were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of GIS. Lenox Wealth Advisors Inc. boosted its position in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after acquiring an additional 15 shares during the period. Cable Hill Partners LLC lifted its holdings in shares of 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 buying an additional 1,647 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of 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 buying an additional 1,459 shares during the last quarter. Spectrum Management Group Inc. acquired a new stake in shares of General Mills during the 3rd quarter valued at about $135,000. Finally, Winslow Evans & Crocker Inc. lifted its holdings in shares of 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 buying an additional 69 shares during the last quarter. 72.78% of the stock is currently owned by hedge funds and other institutional investors.
General Mills, Inc. (NYSE GIS) traded up $0.41 on Thursday, reaching $56.47. The company had a trading volume of 4,274,000 shares, compared to its average volume of 3,719,034. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $64.06. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The firm has a market cap of $32,090.00, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.09 and a beta of 0.66.
General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 earnings per share. research analysts expect that General Mills, Inc. will post 3.1 EPS for the current year.
Several brokerages have recently issued reports on GIS. Susquehanna Bancshares set a $57.00 price target on General Mills and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank of Canada set a $58.00 price target on General Mills and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Jefferies Group began coverage on General Mills in a report on Friday, October 20th. They set a “hold” rating and a $56.00 price target for the company. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $56.66.
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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