General Mills, Inc. (NYSE:GIS) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,651 shares of the company’s stock after selling 330 shares during the quarter. UMB Bank n.a.’s holdings in General Mills were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. FWL Investment Management LLC acquired a new stake in General Mills in the 4th quarter valued at approximately $25,000. Operose Advisors LLC increased its position in General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares during the period. Intrepid Capital Management Inc. acquired a new stake in General Mills in the 2nd quarter valued at approximately $28,000. Bruce G. Allen Investments LLC acquired a new stake in General Mills in the 4th quarter valued at approximately $28,000. Finally, Almanack Investment Partners LLC. acquired a new stake in General Mills in the 3rd quarter valued at approximately $28,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

GIS opened at $68.99 on Thursday. The stock has a market cap of $39.18 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 2.44 and a beta of 0.15. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average price of $65.77 and a 200 day moving average price of $64.97.

General Mills (NYSE:GISGet Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.42%. General Mills’s payout ratio is presently 54.13%.

Analyst Ratings Changes

Several research firms recently commented on GIS. Mizuho raised their target price on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Stifel Nicolaus lifted their price target on General Mills from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Barclays lifted their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Bank of America lifted their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lifted their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.18.

Read Our Latest Stock Report on General Mills

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now directly owns 102,924 shares in the company, valued at $6,602,574.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the sale, the insider now directly owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at $20,523,044.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,782 shares of company stock worth $5,057,820. Company insiders own 0.24% of the company’s stock.

General Mills Company Profile

(Free Report)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Read More

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISFree Report).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.