Davidson Trust Co. Increases Stake in General Mills, Inc. (NYSE:GIS)

Davidson Trust Co. lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,008 shares of the company’s stock after buying an additional 420 shares during the quarter. Davidson Trust Co.’s holdings in General Mills were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of GIS. IHT Wealth Management LLC raised its position in General Mills by 2.2% in the first quarter. IHT Wealth Management LLC now owns 5,817 shares of the company’s stock worth $497,000 after acquiring an additional 126 shares during the period. Atlas Capital Advisors LLC raised its position in General Mills by 2.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 6,575 shares of the company’s stock worth $551,000 after acquiring an additional 136 shares during the period. L.M. Kohn & Company raised its position in General Mills by 2.6% in the third quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after acquiring an additional 155 shares during the period. Traverso Chambers Private Wealth Management LLC raised its position in General Mills by 1.0% in the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after acquiring an additional 156 shares during the period. Finally, TrueWealth Advisors LLC raised its position in General Mills by 4.3% in the third quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares in the company, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,782 shares of company stock worth $5,057,820. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Mizuho increased their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Barclays increased their price objective on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Bank of America increased their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Wells Fargo & Company increased their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Two equities research analysts have 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.18.

General Mills Price Performance

GIS stock traded up $1.05 during trading on Friday, hitting $70.14. 1,065,299 shares of the company’s stock traded hands, compared to its average volume of 4,251,617. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The business has a fifty day simple moving average of $66.69 and a 200 day simple moving average of $65.24. The stock has a market capitalization of $39.83 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.36 and a beta of 0.15.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. General Mills’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. As a group, research analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.36%. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

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