Inspire Trust Co. N.A. Purchases 15,000 Shares of General Mills, Inc. $GIS

Inspire Trust Co. N.A. increased its position in shares of General Mills, Inc. (NYSE:GIS) by 33.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in General Mills were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Rothschild Investment LLC boosted its holdings in shares of General Mills by 35.0% during the 4th quarter. Rothschild Investment LLC now owns 10,563 shares of the company’s stock worth $491,000 after buying an additional 2,741 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of General Mills during the 4th quarter worth $15,476,000. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of General Mills during the 4th quarter worth $4,743,000. Moors & Cabot Inc. boosted its holdings in shares of General Mills by 17.5% during the 4th quarter. Moors & Cabot Inc. now owns 38,402 shares of the company’s stock worth $1,786,000 after buying an additional 5,715 shares during the period. Finally, Investment Partners LTD. boosted its holdings in shares of General Mills by 7.0% during the 4th quarter. Investment Partners LTD. now owns 5,097 shares of the company’s stock worth $237,000 after buying an additional 334 shares during the period. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GIS. Royal Bank Of Canada decreased their price objective on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Bank of America reduced their price target on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley reduced their price target on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $42.00 to $36.00 and set an “underweight” rating for the company in a report on Thursday, March 19th. Finally, Evercore set a $45.00 price target on shares of General Mills in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $41.78.

Insider Transactions at General Mills

In other news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by company insiders.

General Mills Price Performance

Shares of General Mills stock opened at $33.86 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. General Mills, Inc. has a fifty-two week low of $32.64 and a fifty-two week high of $55.19. The firm has a fifty day moving average price of $35.30 and a two-hundred day moving average price of $42.03. The company has a market cap of $18.07 billion, a PE ratio of 8.28 and a beta of -0.02.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that General Mills, Inc. will post 3.43 EPS for the current year.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.