768 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new position in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 768 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of General Mills by 0.3% in the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock worth $527,423,000 after purchasing an additional 23,400 shares during the last quarter. Northern Trust Corp raised its stake in General Mills by 5.0% during the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after acquiring an additional 379,702 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in General Mills by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock valued at $468,346,000 after acquiring an additional 44,933 shares in the last quarter. Nordea Investment Management AB raised its stake in General Mills by 48.7% during the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after acquiring an additional 1,654,111 shares in the last quarter. Finally, Invesco Ltd. raised its stake in General Mills by 2.4% during the 3rd quarter. Invesco Ltd. now owns 4,102,503 shares of the company’s stock valued at $262,519,000 after acquiring an additional 96,935 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the transaction, the insider now directly owns 102,924 shares in the company, valued at $6,602,574.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the transaction, the insider now directly owns 102,924 shares in the company, valued at $6,602,574.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,782 shares of company stock valued at $5,057,820. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GIS. HSBC lifted their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Morgan Stanley boosted their price objective on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Bank of America boosted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.18.

General Mills Price Performance

Shares of NYSE:GIS opened at $71.17 on Tuesday. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock has a market capitalization of $40.42 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.43 and a beta of 0.15. The business has a 50-day moving average of $67.01 and a two-hundred day moving average of $65.39.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.32%. General Mills’s dividend payout ratio is presently 54.13%.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.