General Mills, Inc. (NYSE:GIS) Shares Sold by First Western Trust Bank

First Western Trust Bank cut its position in shares of General Mills, Inc. (NYSE:GIS) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,740 shares of the company’s stock after selling 237 shares during the quarter. First Western Trust Bank’s holdings in General Mills were worth $309,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GIS. Operose Advisors LLC grew its stake in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in General Mills during the 4th quarter worth $27,000. Bruce G. Allen Investments LLC acquired a new stake in General Mills in the 4th quarter valued at $28,000. Authentikos Wealth Advisory LLC purchased a new position in General Mills in the third quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of General Mills during the third quarter worth about $32,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Performance

Shares of NYSE:GIS traded up $0.72 during trading hours on Thursday, hitting $70.25. The stock had a trading volume of 2,397,352 shares, compared to its average volume of 4,145,590. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The stock’s fifty day simple moving average is $68.46 and its 200 day simple moving average is $66.00. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.41 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.

General Mills (NYSE:GIS) last announced 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. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. Sell-side analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of recent research reports. Citigroup started coverage on General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. HSBC upped their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price target on shares of General Mills in a research note on Monday, April 22nd. Finally, Wells Fargo & Company raised their target price on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $72.18.

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

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