BankPlus Trust Department Takes Position in General Mills, Inc. (NYSE:GIS)

BankPlus Trust Department purchased a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,353 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills in the fourth quarter valued at approximately $26,000. Planning Capital Management Corp boosted its holdings in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of General Mills in the fourth quarter valued at approximately $34,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Mills in the third quarter valued at approximately $44,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Mills in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on GIS shares. Stifel Nicolaus reduced their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Wells Fargo & Company reduced their target price on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Bank of America reduced their target price on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.88.

Insider Activity

In other 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 value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

General Mills Stock Performance

NYSE GIS opened at $61.32 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average price is $60.81 and its two-hundred day moving average price is $66.48. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The firm has a market capitalization of $33.80 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is presently 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.