First Bank & Trust Increases Position in General Mills, Inc. (GIS)

First Bank & Trust boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 31.2% in the 4th quarter, HoldingsChannel reports. The fund owned 18,821 shares of the company’s stock after acquiring an additional 4,481 shares during the quarter. First Bank & Trust’s holdings in General Mills were worth $1,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC grew its stake in General Mills by 21.8% during the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after acquiring an additional 9,952 shares in the last quarter. LVW Advisors LLC purchased a new stake in General Mills during the 2nd quarter valued at about $2,515,000. Captrust Financial Advisors purchased a new stake in General Mills during the 2nd quarter valued at about $693,000. AXA grew its stake in General Mills by 8.5% during the 2nd quarter. AXA now owns 1,030,200 shares of the company’s stock valued at $57,073,000 after acquiring an additional 81,000 shares in the last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in shares of General Mills in the 2nd quarter valued at approximately $2,600,000. 72.58% of the stock is owned by institutional investors.

Shares of General Mills, Inc. (NYSE GIS) traded up $0.69 during mid-day trading on Thursday, hitting $59.12. 3,186,400 shares of the stock traded hands, compared to its average volume of 3,149,918. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $63.73. The firm has a market cap of $33,510.00, a price-to-earnings ratio of 21.66, a P/E/G ratio of 2.58 and a beta of 0.66.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. analysts forecast that General Mills, Inc. will post 3.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. General Mills’s dividend payout ratio is currently 71.79%.

In other news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Several research firms have recently weighed in on GIS. Bank of America dropped their price target on shares of General Mills from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, September 21st. Citigroup reissued a “buy” rating and issued a $67.00 price target on shares of General Mills in a research note on Thursday, September 21st. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research note on Tuesday, October 17th. Credit Suisse Group reissued a “neutral” rating and issued a $53.00 price target on shares of General Mills in a research note on Monday, September 25th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price target (down previously from $55.00) on shares of General Mills in a research note on Thursday, September 21st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.17.

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General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. 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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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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