Heritage Trust Co Makes New Investment in General Mills, Inc. (NYSE:GIS)

Heritage Trust Co bought a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,091 shares of the company's stock, valued at approximately $516,000.

Other large investors have also recently modified their holdings of the company. RFG Advisory LLC boosted its stake in shares of General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock worth $425,000 after acquiring an additional 172 shares during the last quarter. TCW Group Inc. raised its holdings in General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after purchasing an additional 194 shares during the period. Quadrant Private Wealth Management LLC lifted its position in General Mills by 3.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after purchasing an additional 197 shares in the last quarter. Howard Capital Management Inc. lifted its position in General Mills by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Finally, Byrne Asset Management LLC grew its holdings in General Mills by 20.0% during the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company's stock valued at $77,000 after purchasing an additional 200 shares during the period. Institutional investors own 75.71% of the company's stock.

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Stifel Nicolaus cut their target price on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. TD Cowen dropped their target price on shares of General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Finally, Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.69.

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Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

General Mills Trading Down 1.9 %

GIS stock traded down $1.10 during midday trading on Tuesday, hitting $57.90. 4,145,367 shares of the company's stock were exchanged, compared to its average volume of 4,403,597. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The business has a 50-day simple moving average of $59.59 and a two-hundred day simple moving average of $63.26. The stock has a market capitalization of $31.92 billion, a PE ratio of 12.59, a P/E/G ratio of 1.94 and a beta of 0.15. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The company's revenue was down 5.1% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.15%. General Mills's dividend payout ratio (DPR) is 52.75%.

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.