Keybank National Association OH Sells 1,720 Shares of General Mills, Inc. $GIS

Keybank National Association OH lessened its position in General Mills, Inc. (NYSE:GIS) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 132,537 shares of the company’s stock after selling 1,720 shares during the period. Keybank National Association OH’s holdings in General Mills were worth $6,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Conning Inc. raised its holdings in General Mills by 4.6% in the 1st quarter. Conning Inc. now owns 4,212 shares of the company’s stock worth $252,000 after acquiring an additional 185 shares during the period. Benjamin Edwards Inc. raised its holdings in General Mills by 0.4% in the 1st quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company’s stock worth $3,127,000 after acquiring an additional 185 shares during the period. Eastern Bank raised its holdings in General Mills by 0.8% in the 1st quarter. Eastern Bank now owns 24,817 shares of the company’s stock worth $1,484,000 after acquiring an additional 186 shares during the period. SPC Financial Inc. raised its holdings in General Mills by 1.5% in the 1st quarter. SPC Financial Inc. now owns 13,452 shares of the company’s stock worth $804,000 after acquiring an additional 193 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. raised its holdings in General Mills by 5.0% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,184 shares of the company’s stock worth $217,000 after acquiring an additional 200 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of several research reports. Barclays dropped their price objective on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, September 19th. UBS Group dropped their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a report on Thursday, September 18th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Finally, Wall Street Zen upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.82.

Insider Buying and Selling at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider directly owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

General Mills Price Performance

Shares of General Mills stock opened at $46.65 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. The firm’s 50-day simple moving average is $49.29 and its 200-day simple moving average is $51.59. General Mills, Inc. has a twelve month low of $46.21 and a twelve month high of $68.89. The firm has a market cap of $24.88 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.17 and a beta of -0.03.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue was down 6.8% on a year-over-year basis. As a group, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, October 10th. General Mills’s payout ratio is 46.12%.

General Mills Company 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.