First Bank & Trust Has $348,000 Holdings in General Mills, Inc. (NYSE:GIS)

First Bank & Trust cut its holdings in General Mills, Inc. (NYSE:GIS) by 9.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,979 shares of the company’s stock after selling 538 shares during the period. First Bank & Trust’s holdings in General Mills were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIS. Norges Bank acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $377,205,000. Massachusetts Financial Services Co. MA increased its holdings in General Mills by 106.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock worth $224,254,000 after buying an additional 1,778,345 shares during the last quarter. American Century Companies Inc. increased its holdings in General Mills by 257.7% during the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after buying an additional 765,070 shares during the last quarter. LSV Asset Management increased its holdings in General Mills by 165.6% during the fourth quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock worth $68,381,000 after buying an additional 654,550 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in General Mills by 6,893.6% during the fourth quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after buying an additional 504,816 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday. TD Cowen boosted their target price on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Mizuho upped their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. HSBC upped their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Finally, Bank of America decreased their price objective on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and an average price target of $70.44.

General Mills Trading Down 0.7 %

GIS opened at $63.26 on Friday. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $77.63. The company has a 50-day simple moving average of $68.51 and a 200 day simple moving average of $66.75. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $35.31 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 3.01 and a beta of 0.12.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the business posted $1.12 earnings per share. General Mills’s revenue was down 6.3% compared to the same quarter last year. Analysts predict that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This is a boost from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.79%. General Mills’s dividend payout ratio is currently 54.76%.

Insider Buying and Selling

In related news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

About General Mills

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.