Laurion Capital Management LP trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 96.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,814 shares of the company’s stock after selling 1,808,811 shares during the period. Laurion Capital Management LP’s holdings in General Mills were worth $3,356,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GIS. Lee Financial Co grew its position in shares of General Mills by 178.2% in the 1st quarter. Lee Financial Co now owns 2,504 shares of the company’s stock worth $113,000 after acquiring an additional 1,604 shares in the last quarter. Institutional & Family Asset Management LLC acquired a new position in shares of General Mills in the 1st quarter worth approximately $115,000. Acadian Asset Management LLC acquired a new position in shares of General Mills in the 2nd quarter worth approximately $115,000. Adviser Investments LLC grew its position in shares of General Mills by 158.7% in the 2nd quarter. Adviser Investments LLC now owns 2,608 shares of the company’s stock worth $115,000 after acquiring an additional 1,600 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new position in shares of General Mills in the 2nd quarter worth approximately $118,000. 70.62% of the stock is currently owned by hedge funds and other institutional investors.

In other General Mills news, insider Jonathon Nudi sold 5,066 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $44.44, for a total value of $225,133.04. Following the completion of the transaction, the insider now owns 50,653 shares of the company’s stock, valued at approximately $2,251,019.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Maria Sastre purchased 1,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was purchased at an average cost of $47.37 per share, with a total value of $47,370.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $47,370. The disclosure for this purchase can be found here. Insiders have sold a total of 158,018 shares of company stock valued at $7,114,487 in the last three months. 1.40% of the stock is owned by insiders.

Several brokerages have recently commented on GIS. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Credit Suisse Group set a $46.00 target price on General Mills and gave the company a “hold” rating in a research note on Thursday. Bank of America reaffirmed a “hold” rating and set a $49.00 target price on shares of General Mills in a research note on Wednesday, June 27th. ValuEngine raised General Mills from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $47.00 price objective on shares of General Mills in a research note on Thursday, May 31st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. General Mills has an average rating of “Hold” and a consensus target price of $50.71.

Shares of NYSE:GIS traded up $0.16 on Friday, reaching $47.75. The company had a trading volume of 4,865,733 shares, compared to its average volume of 3,272,060. General Mills, Inc. has a twelve month low of $41.01 and a twelve month high of $60.69. The stock has a market capitalization of $28.31 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.83 and a beta of 0.74. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.56 and a quick ratio of 0.34.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, June 27th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. General Mills had a return on equity of 35.14% and a net margin of 13.54%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. research analysts expect that General Mills, Inc. will post 3.05 EPS for the current fiscal year.

General Mills 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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