First National Trust Co Sells 865 Shares of General Mills, Inc. $GIS

First National Trust Co trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,606 shares of the company’s stock after selling 865 shares during the period. First National Trust Co’s holdings in General Mills were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares in the company, valued at $3,332,313.72. This trade represents 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 this hyperlink. 0.30% of the stock is owned by insiders.

General Mills Stock Down 0.4%

GIS stock opened at $48.10 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $49.48 and its 200 day moving average is $51.79. The stock has a market cap of $25.65 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.22 and a beta of -0.03. General Mills, Inc. has a 1-year low of $47.27 and a 1-year high of $68.89.

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

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GIS. Barclays cut their price target on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, September 19th. Wall Street Zen raised General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group cut their price target on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a report on Thursday, September 18th. Jefferies Financial Group lowered their price objective on General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, September 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has an average rating of “Hold” and an average target price of $55.82.

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.