Pinnacle Financial Partners Inc. trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 2.5% during the second quarter, Holdings Channel.com reports. The firm owned 22,286 shares of the company’s stock after selling 578 shares during the period. Pinnacle Financial Partners Inc.’s holdings in General Mills were worth $1,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bragg Financial Advisors Inc lifted its stake in shares of General Mills by 1.0% in the first 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 in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of General Mills by 58.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 161,292 shares of the company’s stock valued at $8,347,000 after purchasing an additional 59,204 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in General Mills by 2.3% during the second quarter. Chesley Taft & Associates LLC now owns 26,905 shares of the company’s stock worth $1,413,000 after purchasing an additional 600 shares during the last quarter. Private Ocean LLC boosted its holdings in General Mills by 585.4% during the first quarter. Private Ocean LLC now owns 1,405 shares of the company’s stock worth $73,000 after purchasing an additional 1,200 shares during the last quarter. Finally, BBT Capital Management LLC purchased a new position in General Mills during the second quarter worth about $266,000. Institutional investors own 68.97% of the company’s stock.

Several equities research analysts have commented on the stock. Edward Jones upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Guggenheim boosted their target price on General Mills from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday, August 22nd. Piper Jaffray Companies increased their price target on General Mills from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, UBS Group increased their price target on General Mills from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. One research 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 company. The company has an average rating of “Hold” and an average price target of $52.98.

Shares of NYSE GIS traded up $0.07 during midday trading on Wednesday, hitting $54.60. The company’s stock had a trading volume of 139,216 shares, compared to its average volume of 3,366,674. General Mills, Inc. has a one year low of $36.42 and a one year high of $56.40. The firm has a market capitalization of $33.55 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.36 and a beta of 0.74. The company has a current ratio of 0.59, a quick ratio of 0.37 and a debt-to-equity ratio of 1.58. The stock has a fifty day moving average price of $53.93 and a 200 day moving average price of $51.81.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.24 billion. General Mills had a return on equity of 27.67% and a net margin of 10.39%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. On average, equities research analysts predict that General Mills, Inc. will post 3.37 earnings per share 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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