Whittier Trust Co. of Nevada Inc. Sells 3,012 Shares of General Mills, Inc. $GIS

Whittier Trust Co. of Nevada Inc. reduced its stake in General Mills, Inc. (NYSE:GIS) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,928 shares of the company’s stock after selling 3,012 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in General Mills were worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIS. Garde Capital Inc. grew its holdings in shares of General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after buying an additional 264 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of General Mills during the second quarter valued at about $32,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Mills during the first quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of General Mills during the first quarter valued at about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of General Mills during the first quarter valued at about $37,000. 75.71% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the sale, the insider owned 66,593 shares of the company’s stock, valued at $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

General Mills Stock Up 1.2%

General Mills stock opened at $49.18 on Thursday. The stock has a market cap of $26.23 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 1.22 and a beta of -0.03. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $69.03. The firm’s 50-day simple moving average is $49.61 and its 200 day simple moving average is $52.13.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.0%. General Mills’s payout ratio is 46.12%.

Wall Street Analyst Weigh In

GIS has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 19th. UBS Group reduced their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a report on Thursday, September 18th. Wells Fargo & Company set a $53.00 price objective on shares of General Mills and gave the company an “equal weight” rating in a report on Thursday, June 26th. HSBC cut their price target on shares of General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Finally, Wall Street Zen upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.82.

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.