Blue Trust Inc. Has $5.92 Million Holdings in General Mills, Inc. (NYSE:GIS)

Blue Trust Inc. raised its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 366.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,761 shares of the company's stock after purchasing an additional 72,867 shares during the quarter. Blue Trust Inc.'s holdings in General Mills were worth $5,915,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Mesirow Financial Investment Management Inc. boosted its holdings in General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company's stock worth $999,000 after buying an additional 148 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of General Mills by 1.1% in the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company's stock valued at $1,097,000 after acquiring an additional 165 shares during the last quarter. RFG Advisory LLC raised its position in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after acquiring an additional 172 shares during the period. Stratos Wealth Advisors LLC boosted its stake in General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company's stock worth $783,000 after acquiring an additional 173 shares during the last quarter. Finally, Planning Capital Management Corp grew its holdings in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock valued at $37,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on GIS shares. Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft dropped their price target on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Mizuho decreased their price objective on General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Bank of America dropped their target price on shares of General Mills from $78.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $69.88.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

General Mills Stock Performance

Shares of GIS stock traded up $0.38 during midday trading on Wednesday, hitting $57.94. 3,864,229 shares of the company were exchanged, compared to its average volume of 4,705,215. The firm has a market capitalization of $31.94 billion, a P/E ratio of 12.60, a PEG ratio of 3.79 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The firm's 50 day moving average price is $61.30 and its two-hundred day moving average price is $66.72.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.14%. The ex-dividend date is Thursday, April 10th. General Mills's payout ratio is 52.17%.

General Mills Company 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.