Economy

MEMBERS Trust Co Lowers Stake in General Mills, Inc. (GIS)

(NYSE:GIS) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,131 shares of the company's stock after selling 293 shares during the period. Gamble Jones Investment Counsel's holdings in General Mills were worth $834,000 as of its most recent SEC filing.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its holdings in General Mills by 3.9% during the 1st quarter.

Park National Corp /oh/ bought 333 shares in quarter ending 09/30/2017 increasing its holdings in General Mills, Inc.by 6.0%. Lazard Asset Management LLC now owns 637,755 shares of the company's stock worth $40,738,000 after buying an additional 600,955 shares during the period. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The value of the investment in (GIS) increased from $238,000 to $112,794,000 a change of $112,556,000 quarter over quarter. Daiwa Securities Group Inc. now owns 24,000 shares of the company's stock worth $1,416,000 after buying an additional 900 shares during the period.

Fulton Bank, N.a. grew its stake by buying 17 shares an increase of 4.8% in the quarter. Community Bank N.A. now owns 36,101 shares of the company's stock worth $2,130,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 70.45% of the company's stock.

Several brokerages have issued reports on GIS. (The) restated a "sell" rating on shares of General Mills in a report on Wednesday. Credit Suisse Group restated a "neutral" rating and set a $53.00 target price on shares of General Mills in a report on Monday, September 25th.

06/29/2017 - General Mills, Inc. had its "hold" rating reiterated by analysts at Stifel Nicolaus. Wells Fargo & Company dropped their target price on shares of General Mills from $56.00 to $53.00 and set a "market perform" rating for the company in a report on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. Royal Bank of Canada reiterated a "hold" rating on shares of General Mills in a report on Sunday, March 12th. The brokerage now has a hold rating on the investment management company's stock. They now have a United States dollars 56 price target on the stock.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in General Mills, Inc.

COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/10/08/members-trust-co-lowers-stake-in-general-mills-inc-gis.html. New Mountain Finance Corporation has a 12 month low of $13.05 and a 12 month high of $15.00. The firm's 50-day moving average price is $54.04 and its 200-day moving average price is $56.00. (NYSE:GIS) news were published by: Seekingalpha.com which released: "General Mills At $50 - Some Thoughts" on September 29, 2017, also Seekingalpha.com with their article: "General Mills: Still Not A Buy" published on September 26, 2017, Seekingalpha.com published: "General Mills: Starving Of Sales Growth" on September 22, 2017. The company reported $0.71 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.76 by ($0.05). The business's revenue for the quarter was down 3.6% on a year-over-year basis. New Mountain Finance Corporation had a net margin of 65.22% and a return on equity of 10.15%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $0.78 EPS. As of the last earnings report the EPS was $2.79 and is expected to be $3.08 for the current year with 568,338,000 shares now outstanding. The company recently announced a dividend that will be paid on Wednesday the 1st of November 2017. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.54%. (GIS) Ex-Dividend Date Scheduled for October 06, 2017" with publication date: "October 05, 2017. The dividend yield will be $3.77. The MF Rank of General Mills, Inc. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.



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