13,382 Shares in General Mills, Inc. (NYSE:GIS) Acquired by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,382 shares of the company’s stock, valued at approximately $936,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC purchased a new stake in General Mills during the fourth quarter worth approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in General Mills in the fourth quarter valued at approximately $28,000. Rise Advisors LLC lifted its stake in General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in General Mills by 409.8% in the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 336 shares during the last quarter. Finally, Fortis Group Advisors LLC lifted its stake in General Mills by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

GIS stock traded down $0.09 on Thursday, reaching $63.08. 2,521,769 shares of the company’s stock were exchanged, compared to its average volume of 4,734,770. The stock has a fifty day moving average of $68.03 and a 200-day moving average of $66.68. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $77.63. The firm has a market cap of $35.21 billion, a PE ratio of 14.64, a P/E/G ratio of 3.56 and a beta of 0.09. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. General Mills’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. As a group, equities analysts predict that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.80%. This is an increase from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, July 10th. General Mills’s payout ratio is presently 54.76%.

Insiders Place Their Bets

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the sale, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI reduced their price objective on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Mizuho reduced their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays reduced their price objective on General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Stifel Nicolaus dropped their target price on General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. Finally, Bank of America dropped their target price on General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus price target of $70.00.

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