General Mills' cereal and snack sales rise, but yogurt sours

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ARGI Investment Services LLC's holdings in General Mills were worth $1,741,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Finally, Spectrum Management Group Inc. purchased a new stake in General Mills during the third quarter worth approximately $135,000. During the first six months of 2018, General Mills repurchased 10.9 million shares of common stock for a total of $600 million. Thrivent Financial For Lutherans lifted its holdings in shares of General Mills by 3.0% in the 1st quarter. Ngam Advisors L.P. now owns 20,405 shares of the company's stock valued at $1,204,000 after acquiring an additional 2,732 shares during the last quarter.

General Mills, Inc. (NYSE:GIS) touched its 1-Year High price of $63.73 on 02/14/17 and its 1-Year Low price of $49.65 on 11/07/17. Financial Counselors Inc. now owns 133,474 shares of the company's stock valued at $7,876,000 after acquiring an additional 27,345 shares during the last quarter. Institutional investors and hedge funds own 72.62% of the company's stock. Trading volume for General Mills, Inc. was 5.58 Million in its previous trading session. The company has a market cap of $32,849.96, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.15 and a beta of 0.66.

For the current quarter, 18 analysts are projecting a mean EPS of $0.82/share. Diluted EPS of $0.74 declined 8 percent, with lower net earnings offset by 3 percent fewer average diluted shares outstanding.

The company said it now expects fiscal 2018 organic sales growth to be between flat and down 1 percent, better than its prior forecast of a decline of 1 percent to 2 percent. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion.

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General Mills Inc. shares jumped 2.4% in premarket trade Wednesday, after the consumer foods company beat fiscal second-quarter revenue expectations and raised its outlook. 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. Zacks Investment Research downgraded shares of General Mills from a "hold" rating to a "sell" rating in a report on Monday, October 23rd. 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. Finally, Royal Bank of Canada lowered their price target on shares of General Mills from $62.00 to $58.00 and set a "sector perform" rating for the company in a report on Thursday, September 21st.

Among 35 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 10 Hold. General Mills has a consensus rating of "Hold" and a consensus price target of $57.38.

Mengis Capital Management Inc increased its stake in General Mls Inc Com (GIS) by 205.52% based on its latest 2017Q2 regulatory filing with the SEC. "(NYSE:GIS)" was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & worldwide trademark and copyright law.

As a standout in the ready-to-eat cereal market, General Mills has had to reach beyond its traditional segments to attract new customers and make itself relevant in today's market.