A number of other institutional investors have also added to or reduced their stakes in the business. Ngam Advisors L.P. lifted its holdings in shares of General Mills by 15.5% in the 1st quarter. Cable Hill Partners LLC now owns 2,247 shares of the company's stock worth $116,000 after buying an additional 1,647 shares during the period. General Mills, Inc. (NYSE:GIS) has declined 10.63% since December 20, 2016 and is downtrending. Finally, Morgan Stanley raised its holdings in shares of General Mills by 29.4% in the 1st quarter. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Global X Management Co. Bank of New York Mellon Corp raised its holdings in shares of General Mills by 13.5% in the 3rd quarter.
Roberts Glore & Company Inc, which manages about $450.63 million and $150.03M US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VWO) by 7,976 shares to 22,116 shares, valued at $903,000 in 2017Q2, according to the filing. Hedge funds and other institutional investors own 72.62% of the company's stock. (NYSE:GIS) has an average volume of 4.14 Million. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 1.83. The firm has a market cap of $32,849.96, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66. Diluted EPS of $0.74 declined 8 percent, with lower net earnings offset by 3 percent fewer average diluted shares outstanding. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion.
General Mills' approach to long-term shareholder value creation focuses on generating a balance of topline growth and margin expansion, combined with disciplined focus on cash conversion and cash returns. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. The current consensus recommendation provided by covering analysts is 3.10.
A number of brokerages have recently weighed in on GIS. (GIS) opened at $57.63 on Wednesday. BMO Capital Markets reissued a "hold" rating and set a $60.00 target price on shares of General Mills in a research report on Wednesday, September 6th. The hedge fund run by Conan Laughlin held 5.00M shares of the health care company at the end of 2017Q2, valued at $6.10M, down from 9.01M at the end of the previous reported quarter. Company shares have been seen trading -8.24% off of the 52 week high and 17.78% away from the 52 week low.
Among 35 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 10 Hold. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Hold" rating by Stephens on Friday, July 28.
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Roberts Glore & Company Inc increased its stake in General Mls Inc (GIS) by 71.5% based on its latest 2017Q2 regulatory filing with the SEC.
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The cereal and snack maker posted growth in all four operating segments, including its North American division, where sales rose 0.8%, the company said, despite an 11% drop in yogurt sales.