First National Trust Co Has $2.68 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

First National Trust Co decreased its position in General Mills, Inc. (NYSE:GIS) by 14.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,186 shares of the company’s stock after selling 6,936 shares during the quarter. First National Trust Co’s holdings in General Mills were worth $2,683,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cetera Trust Company N.A bought a new stake in shares of General Mills in the fourth quarter worth $50,000. Stratos Wealth Advisors LLC grew its holdings in General Mills by 1.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock valued at $722,000 after buying an additional 213 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills during the 4th quarter worth $28,000. Sabal Trust CO increased its holdings in General Mills by 7,817.6% in the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after buying an additional 286,514 shares during the period. Finally, Welch Group LLC lifted its holdings in shares of General Mills by 2.8% during the 4th quarter. Welch Group LLC now owns 615,389 shares of the company’s stock worth $40,086,000 after acquiring an additional 16,883 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 1.0 %

Shares of NYSE GIS traded down $0.74 during midday trading on Friday, hitting $69.91. 3,444,229 shares of the stock traded hands, compared to its average volume of 3,869,986. The company has a market cap of $39.70 billion, a PE ratio of 16.03, a P/E/G ratio of 2.44 and a beta of 0.15. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The business has a 50 day moving average price of $68.16 and a two-hundred day moving average price of $65.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) 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 the consensus estimate of $4.97 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. General Mills’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Morgan Stanley increased their price target on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $77.00 price objective on shares of General Mills in a research note on Monday, April 22nd. Finally, Citigroup started coverage on General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $72.18.

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.