Latest Stocks: General Mills, Inc. (GIS) Position Maintained by Pillar Pacific Capital Management LLC

Latest Stocks: General Mills, Inc. (GIS) Position Maintained by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC continued to hold its stake in General Mills, Inc. (NYSE:GIS) during the first quarter, Holdings Channel reports. The firm owned 4,000 shares of the company’s stock at the end of the first quarter. Pillar Pacific Capital Management LLC’s holdings in General Mills were worth $236,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of General Mills by 0.8% in the fourth quarter. State Street Corp now owns 36,623,882 shares of the company’s stock valued at $2,262,262,000 after buying an additional 307,392 shares during the last quarter. Norges Bank bought a new position in shares of General Mills during the fourth quarter valued at approximately $297,782,000. APG Asset Management N.V. increased its position in shares of General Mills by 0.6% in the first quarter. APG Asset Management N.V. now owns 4,728,629 shares of the company’s stock valued at $279,036,000 after buying an additional 26,500 shares during the last quarter. Janus Capital Management LLC increased its position in shares of General Mills by 9.7% in the fourth quarter. Janus Capital Management LLC now owns 3,855,748 shares of the company’s stock valued at $238,169,000 after buying an additional 340,922 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of General Mills by 52.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,701,863 shares of the company’s stock valued at $166,894,000 after buying an additional 925,485 shares during the last quarter. Institutional investors and hedge funds own 69.77% of the company’s stock.

Shares of General Mills, Inc. (NYSE:GIS) opened at 57.44 on Tuesday. General Mills, Inc. has a 52-week low of $55.57 and a 52-week high of $72.95. The stock’s 50 day moving average is $57.00 and its 200 day moving average is $60.07. The firm has a market capitalization of $33.09 billion, a PE ratio of 21.28 and a beta of 0.56.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Tuesday, March 21st. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.82 billion. General Mills had a net margin of 9.47% and a return on equity of 34.82%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. On average, equities research analysts forecast that General Mills, Inc. will post $3.05 EPS for the current year.

Several brokerages recently commented on GIS. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a research note on Wednesday, May 24th. Argus reissued a “hold” rating on shares of General Mills in a research note on Thursday, March 23rd. BMO Capital Markets reissued a “hold” rating and issued a $67.00 price objective on shares of General Mills in a research note on Wednesday, March 22nd. Piper Jaffray Companies began coverage on shares of General Mills in a research note on Wednesday, May 24th. They issued an “underweight” rating and a $57.00 price objective for the company. Finally, Royal Bank of Canada dropped their price objective on shares of General Mills from $66.00 to $65.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 22nd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $63.67.

In other news, insider Jonathon Nudi purchased 1,800 shares of the stock in a transaction that occurred on Wednesday, April 12th. The stock was bought at an average cost of $57.45 per share, for a total transaction of $103,410.00. Following the acquisition, the insider now directly owns 34,077 shares of the company’s stock, valued at approximately $1,957,723.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock. General Mills Company Profile

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS). Receive News & Ratings for General Mills Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Mills Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).

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