ERTS Wealth Advisors LLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,809 shares of the company’s stock after selling 995 shares during the period. ERTS Wealth Advisors LLC’s holdings in General Mills were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in General Mills during the second quarter worth $25,000. Employers Holdings Inc. acquired a new stake in General Mills during the second quarter worth $32,000. Certified Advisory Corp boosted its stake in General Mills by 100.9% during the first quarter. Certified Advisory Corp now owns 643 shares of the company’s stock worth $33,000 after buying an additional 323 shares in the last quarter. NuWave Investment Management LLC boosted its stake in General Mills by 377.4% during the second quarter. NuWave Investment Management LLC now owns 635 shares of the company’s stock worth $33,000 after buying an additional 502 shares in the last quarter. Finally, Smart Money Group LLC acquired a new stake in General Mills during the second quarter worth $33,000. Institutional investors and hedge funds own 68.97% of the company’s stock.

Shares of General Mills stock traded up $0.31 during trading on Friday, reaching $54.40. The company’s stock had a trading volume of 82,855 shares, compared to its average volume of 3,450,669. The stock has a 50-day moving average price of $53.98 and a two-hundred day moving average price of $51.85. 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 one year low of $36.42 and a one year high of $56.40. The stock has a market capitalization of $32.64 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.07. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations 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 business posted $0.79 earnings per share. As a group, sell-side analysts anticipate that General Mills, Inc. will post 3.37 EPS for the current fiscal year.

A number of equities research analysts have weighed in on GIS shares. Guggenheim lifted their price target on shares of General Mills from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Edward Jones raised General Mills from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Zacks Investment Research raised 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. Credit Suisse Group reissued a “hold” rating and set a $56.00 price objective on shares of General Mills in a report on Thursday. Finally, Bank of America reaffirmed a “neutral” rating and issued a $49.00 price target on shares of General Mills in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.21.

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.

See Also: Earnings Per Share

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

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