Greenleaf Trust Sells 183 Shares of General Mills, Inc. (NYSE:GIS)

Greenleaf Trust trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,232 shares of the company’s stock after selling 183 shares during the period. Greenleaf Trust’s holdings in General Mills were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of General Mills during the 4th quarter worth approximately $26,000. Values First Advisors Inc. acquired a new stake in General Mills during the 3rd quarter worth $27,000. Planning Capital Management Corp boosted its stake in General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of General Mills during the 4th quarter worth $38,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of General Mills during the 3rd quarter worth $44,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Barclays reduced their price objective on 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. Finally, Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and upped their price target for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.94.

General Mills Price Performance

Shares of GIS stock opened at $59.91 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90. The firm has a market cap of $33.02 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 3.88 and a beta of 0.10. The stock has a 50-day moving average price of $62.99 and a 200 day moving average price of $67.34.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. Research analysts expect that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.01%. General Mills’s payout ratio is 52.17%.

Insider Activity

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

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 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.