Crews Bank & Trust Acquires New Stake in General Mills, Inc. (NYSE:GIS)

Crews Bank & Trust bought a new stake in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,770 shares of the company’s stock, valued at approximately $177,000.

Several other institutional investors also recently bought and sold shares of GIS. Baader Bank Aktiengesellschaft lifted its position in shares of General Mills by 25.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,208 shares of the company’s stock worth $1,480,000 after purchasing an additional 4,732 shares in the last quarter. Foster & Motley Inc. increased its stake in General Mills by 27.1% during the 4th quarter. Foster & Motley Inc. now owns 32,633 shares of the company’s stock worth $2,081,000 after buying an additional 6,948 shares during the period. Forsta AP Fonden lifted its holdings in General Mills by 21.7% during the 4th quarter. Forsta AP Fonden now owns 186,800 shares of the company’s stock worth $11,912,000 after buying an additional 33,300 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in General Mills by 7.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 670,351 shares of the company’s stock valued at $42,748,000 after buying an additional 47,250 shares during the period. Finally, Barry Investment Advisors LLC grew its stake in shares of General Mills by 13.5% in the fourth quarter. Barry Investment Advisors LLC now owns 8,158 shares of the company’s stock worth $520,000 after acquiring an additional 968 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on GIS shares. TD Cowen reduced their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $80.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays decreased their price target 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.94.

General Mills Stock Performance

Shares of GIS stock opened at $60.66 on Friday. The stock’s 50-day moving average is $63.15 and its two-hundred day moving average is $67.36. 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 1 year low of $57.94 and a 1 year high of $75.90. The firm has a market cap of $33.44 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 3.70 and a beta of 0.11.

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

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In other General Mills news, 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were 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. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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.