NBT Bank N A NY Sells 1,067 Shares of General Mills, Inc. (NYSE:GIS)

NBT Bank N A NY reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,169 shares of the company’s stock after selling 1,067 shares during the quarter. NBT Bank N A NY’s holdings in General Mills were worth $2,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIS. CBIZ Investment Advisory Services LLC bought a new stake in General Mills during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the 4th quarter worth $31,000. Transce3nd LLC bought a new stake in shares of General Mills during the 4th quarter worth $32,000. VSM Wealth Advisory LLC acquired a new stake in General Mills in the fourth quarter valued at about $32,000. Finally, Perkins Coie Trust Co boosted its stake in General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 0.9%

NYSE GIS opened at $53.07 on Wednesday. The firm has a market capitalization of $29.25 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.02. The business’s 50-day moving average price is $55.22 and its two-hundred day moving average price is $59.07. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24. General Mills, Inc. has a 12 month low of $52.39 and a 12 month high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a return on equity of 26.39% and a net margin of 13.02%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GIS. Mizuho lowered their target price 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. Barclays decreased their price target on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group raised their target price on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.06.

General Mills Profile

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.