Heartland Bank & Trust Co Acquires 328 Shares of General Mills, Inc. (NYSE:GIS)

Heartland Bank & Trust Co lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,768 shares of the company’s stock after purchasing an additional 328 shares during the period. Heartland Bank & Trust Co’s holdings in General Mills were worth $491,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Arkadios Wealth Advisors lifted its position in General Mills by 41.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock worth $2,309,000 after buying an additional 10,765 shares in the last quarter. Optimist Retirement Group LLC bought a new position in shares of General Mills in the fourth quarter worth about $1,171,000. State Board of Administration of Florida Retirement System lifted its position in shares of General Mills by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 688,543 shares of the company’s stock worth $48,177,000 after purchasing an additional 38,021 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of General Mills by 16.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 696,170 shares of the company’s stock valued at $48,711,000 after purchasing an additional 96,712 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of General Mills by 92.5% in the first quarter. iA Global Asset Management Inc. now owns 48,721 shares of the company’s stock valued at $3,409,000 after purchasing an additional 23,411 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GIS. Argus reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Citigroup lifted their price objective on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Barclays boosted their price objective on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. TD Cowen raised their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.73.

General Mills Trading Down 0.7 %

GIS opened at $73.85 on Tuesday. The firm’s fifty day moving average is $71.08 and its two-hundred day moving average is $68.93. The firm has a market cap of $41.22 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $75.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. General Mills’s payout ratio is 55.68%.

Insiders Place Their Bets

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the transaction, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

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.