Kentucky Trust Co Purchases Shares of 10,852 General Mills, Inc. (NYSE:GIS)

Kentucky Trust Co bought a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,852 shares of the company's stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GIS. Exchange Traded Concepts LLC increased its position in shares of General Mills by 9,143.2% during the third quarter. Exchange Traded Concepts LLC now owns 13,680 shares of the company's stock worth $1,010,000 after purchasing an additional 13,532 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of General Mills during the third quarter worth about $237,000. Fiduciary Alliance LLC acquired a new stake in shares of General Mills during the third quarter worth about $787,000. CX Institutional acquired a new stake in shares of General Mills during the third quarter worth about $239,000. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new position in General Mills in the 3rd quarter valued at about $1,344,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho dropped their price target on General Mills from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. TD Cowen lowered their price objective on General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Finally, Wells Fargo & Company lowered their price objective on General Mills from $68.00 to $64.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $71.13.

General Mills Trading Down 1.2 %

Shares of GIS stock traded down $0.69 on Friday, reaching $58.85. 4,690,260 shares of the stock were exchanged, compared to its average volume of 4,228,352. The stock has a market cap of $32.44 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average of $61.61 and a two-hundred day moving average of $66.88. General Mills, Inc. has a 1-year low of $57.85 and a 1-year high of $75.90.

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

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. General Mills's dividend payout ratio (DPR) is 52.17%.

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.