General Mills, Inc. (NYSE:GIS) Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 69.4% in the fourth quarter, Holdings Channel reports. The fund owned 745 shares of the company’s stock after selling 1,691 shares during the period. Arlington Trust Co LLC’s holdings in General Mills were worth $48,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wingate Wealth Advisors Inc. acquired a new stake in General Mills in the 4th quarter valued at about $171,000. Savant Capital LLC raised its holdings in General Mills by 2.9% in the 4th quarter. Savant Capital LLC now owns 31,232 shares of the company’s stock valued at $1,992,000 after acquiring an additional 882 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in General Mills in the 4th quarter valued at about $263,000. Entropy Technologies LP acquired a new stake in General Mills in the 4th quarter valued at about $708,000. Finally, Empowered Funds LLC raised its holdings in General Mills by 79.5% in the 4th quarter. Empowered Funds LLC now owns 143,291 shares of the company’s stock valued at $9,138,000 after acquiring an additional 63,456 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GIS shares. Wells Fargo & Company cut their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. TD Cowen cut their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $80.00 in a report on Friday, December 13th. JPMorgan Chase & Co. raised their price target on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Mizuho cut their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.13.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction 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 completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction 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 directly owns 23,013 shares of the company’s stock, 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. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Down 1.3 %

General Mills stock opened at $58.06 on Tuesday. 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 fifty-two week low of $57.85 and a fifty-two week high of $75.90. The company has a market capitalization of $32.00 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The firm has a 50 day moving average price of $62.31 and a 200 day moving average price of $67.15.

General Mills (NYSE:GIS) last issued its quarterly 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. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company posted $1.25 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Research analysts expect that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.13%. General Mills’s dividend payout ratio is presently 52.17%.

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.