General Mills, Inc. (NYSE:GIS) Shares Sold by First County Bank CT

First County Bank CT trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,138 shares of the company’s stock after selling 283 shares during the period. First County Bank CT’s holdings in General Mills were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in General Mills by 26.3% during the third quarter. Pacer Advisors Inc. now owns 98,886 shares of the company’s stock worth $7,303,000 after acquiring an additional 20,571 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in General Mills by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company’s stock worth $282,347,000 after acquiring an additional 263,188 shares during the period. Integrated Investment Consultants LLC acquired a new stake in General Mills during the third quarter worth about $1,398,000. Trustmark National Bank Trust Department grew its holdings in General Mills by 1.1% during the third quarter. Trustmark National Bank Trust Department now owns 31,674 shares of the company’s stock worth $2,339,000 after acquiring an additional 349 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in General Mills during the third quarter worth about $885,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value 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 $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,555 shares of company stock valued at $4,721,336 over the last quarter. 0.26% of the stock is owned by insiders.

General Mills Price Performance

NYSE:GIS opened at $65.00 on Friday. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The stock has a market cap of $36.09 billion, a PE ratio of 15.48, a P/E/G ratio of 3.26 and a beta of 0.11. The stock has a 50 day moving average price of $69.64 and a 200 day moving average price of $68.63.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. Equities research analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.69%. General Mills’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GIS shares. Barclays increased their price target on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Citigroup increased their price target on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Piper Sandler increased their price target on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price target on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $72.67.

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.