General Mills, Inc. (NYSE:GIS) Shares Sold by Bangor Savings Bank

Bangor Savings Bank lowered its position in shares of General Mills, Inc. (NYSE:GIS) by 48.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,071 shares of the company’s stock after selling 989 shares during the quarter. Bangor Savings Bank’s holdings in General Mills were worth $64,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City Center Advisors LLC raised its position in shares of General Mills by 3.4% during the 1st quarter. City Center Advisors LLC now owns 6,071 shares of the company’s stock worth $363,000 after purchasing an additional 202 shares during the period. Miracle Mile Advisors LLC grew its stake in General Mills by 4.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 10,903 shares of the company’s stock worth $652,000 after buying an additional 430 shares during the last quarter. UMB Bank n.a. grew its stake in General Mills by 16.3% during the 1st quarter. UMB Bank n.a. now owns 24,057 shares of the company’s stock worth $1,438,000 after buying an additional 3,370 shares during the last quarter. Perkins Coie Trust Co grew its stake in General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after buying an additional 211 shares during the last quarter. Finally, Littlejohn Financial Services Inc. bought a new position in General Mills during the 1st quarter worth $2,208,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GIS. Wells Fargo & Company lowered their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. UBS Group lowered their price objective on General Mills from $54.00 to $52.00 and set a “sell” rating for the company in a research note on Friday. Morgan Stanley began coverage on General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 price objective for the company. Mizuho lowered their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $64.56.

General Mills Stock Performance

Shares of GIS stock opened at $54.76 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a fifty-two week low of $52.39 and a fifty-two week high of $75.90. The stock’s 50-day moving average is $55.85 and its two-hundred day moving average is $59.60. The firm has a market cap of $30.19 billion, a P/E ratio of 11.90, a PEG ratio of 1.94 and a beta of 0.02.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the company earned $1.17 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

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.