CSat Investment Advisory L.P. Sells 621 Shares of General Mills, Inc. (NYSE:GIS)

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CSat Investment Advisory L.P. decreased its stake in General Mills, Inc. (NYSE:GIS) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,488 shares of the company’s stock after selling 621 shares during the period. CSat Investment Advisory L.P.’s holdings in General Mills were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in General Mills by 15.8% during the second quarter. BlackRock Inc. now owns 47,890,359 shares of the company’s stock worth $2,515,202,000 after purchasing an additional 6,544,997 shares during the period. Iridian Asset Management LLC CT bought a new stake in shares of General Mills during the second quarter worth approximately $106,946,000. FMR LLC boosted its holdings in shares of General Mills by 92.9% during the first quarter. FMR LLC now owns 3,431,373 shares of the company’s stock worth $177,574,000 after acquiring an additional 1,652,275 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of General Mills by 44.6% during the second quarter. Renaissance Technologies LLC now owns 5,313,884 shares of the company’s stock worth $279,085,000 after acquiring an additional 1,639,900 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of General Mills by 469.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 953,445 shares of the company’s stock worth $43,653,000 after acquiring an additional 785,927 shares during the period. Institutional investors own 68.74% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, August 22nd. Edward Jones upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Guggenheim lifted their price target on shares of General Mills from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Credit Suisse Group reiterated a “hold” rating and issued a $56.00 price target on shares of General Mills in a research report on Thursday, September 12th. Finally, Barclays reiterated a “hold” rating and issued a $55.00 price target on shares of General Mills in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.64.

GIS traded down $0.06 during trading on Friday, hitting $54.33. 5,426,372 shares of the stock traded hands, compared to its average volume of 3,658,106. General Mills, Inc. has a twelve month low of $36.42 and a twelve month high of $56.40. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.31 and a beta of 0.74. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.62 and a quick ratio of 0.37. The business has a 50 day moving average price of $54.10 and a 200 day moving average price of $52.15.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 18th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. General Mills had a net margin of 11.21% and a return on equity of 27.38%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that General Mills, Inc. will post 3.37 earnings per share for the current year.

About General Mills

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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