TIAA Trust National Association Sells 4,866 Shares of General Mills, Inc. $GIS

TIAA Trust National Association cut its holdings in General Mills, Inc. (NYSE:GIS) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,379 shares of the company’s stock after selling 4,866 shares during the period. TIAA Trust National Association’s holdings in General Mills were worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Garde Capital Inc. boosted its holdings in General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the period. Armstrong Advisory Group Inc. bought a new position in General Mills in the 2nd quarter valued at $32,000. GKV Capital Management Co. Inc. bought a new position in General Mills in the 1st quarter valued at $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in General Mills in the 1st quarter valued at $37,000. Finally, Pingora Partners LLC boosted its holdings in General Mills by 416.7% in the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

General Mills Trading Down 0.1%

Shares of GIS opened at $46.40 on Wednesday. The firm’s 50-day moving average price is $49.18 and its 200-day moving average price is $51.36. The firm has a market capitalization of $24.75 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.17 and a beta of -0.03. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. General Mills, Inc. has a 1-year low of $45.94 and a 1-year high of $68.74.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.3%. General Mills’s payout ratio is presently 46.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. HSBC cut their price target on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a report on Thursday, September 18th. Jefferies Financial Group cut their price target on shares of General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a report on Monday, September 8th. Mizuho lowered their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Morgan Stanley lowered their price objective on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.82.

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.