Bridge Creek Capital Management LLC Raises Position in General Mills, Inc. (GIS)

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05 August, 2017

(NYSE:GIS). Commerzbank Aktiengesellschaft Fi holds 142,843 shares. The stock is above its 52-week low with 9.61% and is in the wake of its 52-week high with -27.96%. Payden & Rygel's holdings in General Mills were worth $11,595,000 as of its most recent filing with the SEC. Tompkins Financial Corp now owns 5,868 shares of the company's stock valued at $372,000 after buying an additional 162 shares in the last quarter. The Edge Asset Management Inc holds 344,698 shares with $21.29M value, down from 389,927 last quarter. Commonwealth Financial Services LLC raised its position in General Mills by 1,239.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 732,239 shares of the company's stock valued at $43,210,000 after buying an additional 23,267 shares during the last quarter.

Jarislowsky Fraser Ltd boosted its stake in General Mills, Inc. Sfmg LLC now owns 4,814 shares of the company's stock valued at $284,000 after buying an additional 34 shares during the period.

A number of large investors have recently added to or reduced their stakes in the stock. The stock volatility for week was 1.08% while for month was 1.07%.The stock, as of last close, traded 4.55% to its 52 week low and was changed -22.93% from its 52 week high. About shares traded. Ally Financial Inc (NYSE:ALLY) has risen 12.72% since August 4, 2016 and is uptrending. 5,578,144 shares of the company's stock were exchanged. Their average price target spell out an upbeat performance - a 1% and would give GIS a market capitalization of almost $32.83B. The firm has a 50 day moving average of $55.28 and a 200 day moving average of $58.21.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 28th. The company reported $0.73 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.02. General Mills had a return on equity of 38.97% and a net margin of 10.61%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.75 billion. The hedge fund held 1.70 million shares of the consumer services company at the end of 2016Q4, valued at $32.30M, up from 1.60 million at the end of the previous reported quarter.

Over the last 5 years, General Mills, Inc. has averaged a 3.30% YoY EPS growth rate and a -1.30% revenue growth rate. Equities analysts expect that General Mills, Inc. will post $3.11 earnings per share for the current year. Investors of record on Monday, July 10th were given a $0.49 dividend. As per Thursday, July 14, the company rating was maintained by Morgan Stanley. Ballentine Partners LLC raised its stake in General Mills by 40.3% in the second quarter. This represents a $1.96 dividend on an annualized basis and a yield of 3.49%. General Mills's payout ratio is now 70.76%. Westpac Bk Corp stated it has 0% of its portfolio in General Mills, Inc. "(GIS)" was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another website, it was illegally copied and reposted in violation of worldwide trademark and copyright laws. The correct version of this report can be viewed at https://www.thestockobserver.com/2017/08/04/louisiana-state-employees-retirement-system-has-1-98-million-stake-in-general-mills-inc-gis-updated.html. As companies start to report quarterly numbers, investors may be able to sift through the data and make some projections on how the stock will perform over the next few quarters. Vetr upgraded shares of General Mills from a "hold" rating to a "buy" rating and set a $58.98 price objective on the stock in a research note on Monday, May 1st. UBS AG reaffirmed a "neutral" rating and issued a $58.00 target price (down previously from $61.00) on shares of General Mills in a report on Friday, June 30th. BidaskClub raised shares of General Mills from a "sell" rating to a "hold" rating in a research report on Thursday, June 15th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of "Hold" and an average price target of $59.93.

What Guru's think About Is General Mills, Inc. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice. And it remains to be seen which target price GIS can achieve without sacrificing much as the company is holding a -20.99% fall for the past twelve months.


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