10,852 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Kentucky Trust Co

Kentucky Trust Co purchased a new position in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,852 shares of the company’s stock, valued at approximately $692,000.

Several other hedge funds have also recently modified their holdings of GIS. Exchange Traded Concepts LLC raised its position in shares of General Mills by 9,143.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,680 shares of the company’s stock worth $1,010,000 after purchasing an additional 13,532 shares during the last quarter. CHICAGO TRUST Co NA acquired a new position in shares of General Mills during the 3rd quarter worth about $237,000. Fiduciary Alliance LLC acquired a new position in shares of General Mills during the 3rd quarter worth about $787,000. CX Institutional acquired a new position in shares of General Mills during the 3rd quarter worth about $239,000. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of General Mills during the 3rd quarter worth about $1,344,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of several research reports. Barclays dropped their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, TD Cowen dropped their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $71.13.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of GIS stock opened at $59.37 on Wednesday. The firm’s 50 day moving average price is $62.13 and its 200-day moving average price is $67.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a one year low of $57.85 and a one year high of $75.90. The firm has a market cap of $32.72 billion, a P/E ratio of 12.91, a P/E/G ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts predict that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.04%. General Mills’s dividend payout ratio is currently 52.17%.

General Mills 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.