Farmers & Merchants Trust Co of Chambersburg PA Has $778,000 Holdings in General Mills, Inc. (NYSE:GIS)

Farmers & Merchants Trust Co of Chambersburg PA lowered its position in General Mills, Inc. (NYSE:GIS) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,200 shares of the company’s stock after selling 3,808 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in General Mills were worth $778,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GIS. Nordea Investment Management AB increased its position in General Mills by 64.5% during the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after buying an additional 3,058,414 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the last quarter. State Street Corp increased its holdings in shares of General Mills by 9.4% during the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company’s stock valued at $2,474,177,000 after acquiring an additional 2,867,678 shares during the last quarter. Nepsis Inc. increased its holdings in shares of General Mills by 3,504.8% during the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock valued at $138,023,000 after acquiring an additional 2,104,353 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of General Mills by 6,114.0% during the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock valued at $33,266,000 after acquiring an additional 443,202 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on 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 of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Up 2.0 %

Shares of GIS stock opened at $59.60 on Friday. The stock has a market cap of $32.86 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a one year low of $57.85 and a one year high of $75.90. The stock has a fifty day moving average price of $61.85 and a 200 day moving average price of $66.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. Analysts predict that General Mills, Inc. will post 4.4 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. Shareholders 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 4.03%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is 52.17%.

Analyst Ratings Changes

Several equities analysts have commented on GIS shares. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Mizuho lowered their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Barclays lowered their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.13.

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.