General Mills, Inc. (NYSE:GIS) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co lessened its position in General Mills, Inc. (NYSE:GIS) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,630 shares of the company’s stock after selling 435 shares during the period. Missouri Trust & Investment Co’s holdings in General Mills were worth $104,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. lifted its holdings in shares of General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after buying an additional 148 shares during the last quarter. Ballentine Partners LLC raised its stake in General Mills by 1.1% during the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after purchasing an additional 165 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in General Mills by 0.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock valued at $1,368,000 after purchasing an additional 172 shares during the period. Stratos Wealth Advisors LLC grew its position in General Mills by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $783,000 after purchasing an additional 173 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its holdings in shares of General Mills by 2.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock worth $428,000 after purchasing an additional 174 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

General Mills stock opened at $60.08 on Wednesday. The stock has a 50-day simple moving average of $63.67 and a 200 day simple moving average of $67.53. The stock has a market capitalization of $33.12 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 3.72 and a beta of 0.11. 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.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. On average, research analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.99%. General Mills’s dividend payout ratio is currently 52.17%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company lowered their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, TD Cowen reduced their price objective 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.31.

Insider Activity

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

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.