Arbor Trust Wealth Advisors LLC Buys New Position in General Mills, Inc. (NYSE:GIS)

Arbor Trust Wealth Advisors LLC bought a new stake in shares of General Mills, Inc. (NYSE:GISGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,235 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIS. O Shaughnessy Asset Management LLC boosted its stake in shares of General Mills by 46.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,925 shares of the company’s stock valued at $804,000 after buying an additional 3,800 shares during the period. Schroder Investment Management Group boosted its stake in shares of General Mills by 21.8% in the 4th quarter. Schroder Investment Management Group now owns 579,472 shares of the company’s stock valued at $39,046,000 after buying an additional 103,630 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of General Mills by 4.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 45,793 shares of the company’s stock valued at $3,086,000 after buying an additional 1,824 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of General Mills by 2.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 122,843 shares of the company’s stock valued at $8,276,000 after buying an additional 2,999 shares during the period. Finally, Mutual Advisors LLC boosted its stake in shares of General Mills by 13.9% in the 4th quarter. Mutual Advisors LLC now owns 14,795 shares of the company’s stock valued at $997,000 after buying an additional 1,808 shares during the period. 75.48% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Performance

Shares of NYSE:GIS traded down $1.57 during trading on Friday, reaching $79.21. The company had a trading volume of 302,591 shares, compared to its average volume of 4,072,143. The firm has a market capitalization of $47.19 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.62 and a beta of 0.33. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.60 and a quick ratio of 0.40. The stock’s fifty day moving average price is $76.11 and its 200 day moving average price is $71.77. General Mills, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $81.24.

General Mills (NYSE:GISGet Rating) last released its earnings results on Wednesday, September 21st. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.72 billion. General Mills had a return on equity of 23.87% and a net margin of 15.13%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, equities research analysts predict that General Mills, Inc. will post 4.06 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s payout ratio is currently 45.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GIS. Royal Bank of Canada lifted their price objective on General Mills from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, July 1st. UBS Group raised their target price on General Mills from $79.00 to $82.00 in a research report on Thursday. Citigroup raised their target price on General Mills from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. BMO Capital Markets raised their target price on General Mills from $80.00 to $85.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on General Mills from $81.00 to $88.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.83.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 37,895 shares of General Mills stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $80.00, for a total value of $3,031,600.00. Following the sale, the chief executive officer now directly owns 279,482 shares in the company, valued at $22,358,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Jeffrey L. Harmening sold 37,895 shares of General Mills stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $80.00, for a total value of $3,031,600.00. Following the sale, the chief executive officer now directly owns 279,482 shares in the company, valued at $22,358,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sean N. Walker sold 29,489 shares of General Mills stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $75.00, for a total value of $2,211,675.00. Following the completion of the sale, the insider now owns 89,989 shares in the company, valued at $6,749,175. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,317 shares of company stock valued at $7,429,156. Company insiders own 0.67% of the company’s stock.

General Mills Company Profile

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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

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