Private Trust Co. NA Has $615,000 Stock Position in General Mills, Inc. $GIS

Private Trust Co. NA lifted its stake in General Mills, Inc. (NYSE:GIS) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,875 shares of the company’s stock after buying an additional 728 shares during the period. Private Trust Co. NA’s holdings in General Mills were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Garde Capital Inc. raised its stake in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after acquiring an additional 264 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of General Mills in the 2nd quarter worth about $32,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Mills in the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of General Mills during the 1st quarter worth about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in General Mills during the 1st quarter valued at about $37,000. Institutional investors own 75.71% of the company’s stock.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the transaction, the insider owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on GIS shares. Wells Fargo & Company set a $53.00 price objective on shares of General Mills and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Stifel Nicolaus decreased their price target on General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Wall Street Zen raised General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Bernstein Bank cut their price objective on General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada raised General Mills from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $55.82.

General Mills Stock Up 1.6%

NYSE:GIS opened at $48.48 on Friday. The company has a market cap of $25.86 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 1.22 and a beta of -0.03. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. The stock’s fifty day moving average price is $49.65 and its two-hundred day moving average price is $52.32. General Mills, Inc. has a 52-week low of $47.48 and a 52-week high of $70.60.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the firm earned $1.07 EPS. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. General Mills’s dividend payout ratio is presently 46.12%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.