First National Trust Co Has $2 Million Stock Position in General Mills, Inc. (NYSE:GIS)

First National Trust Co cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,094 shares of the company’s stock after selling 3,733 shares during the period. First National Trust Co’s holdings in General Mills were worth $2,001,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. raised its position in General Mills by 1.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock valued at $999,000 after purchasing an additional 148 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in General Mills by 4.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company’s stock valued at $206,000 after buying an additional 151 shares during the last quarter. Secure Asset Management LLC boosted its position in General Mills by 5.0% during the 2nd quarter. Secure Asset Management LLC now owns 3,305 shares of the company’s stock worth $209,000 after buying an additional 157 shares during the period. LCM Capital Management Inc grew its holdings in General Mills by 1.9% during the 2nd quarter. LCM Capital Management Inc now owns 8,521 shares of the company’s stock worth $539,000 after acquiring an additional 157 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of General Mills by 1.1% during the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after acquiring an additional 165 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Transactions at General Mills

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares in the company, valued at approximately $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock valued at $4,657,676 over the last ninety days. 0.26% of the stock is currently owned by insiders.

General Mills Price Performance

Shares of NYSE:GIS opened at $64.26 on Wednesday. General Mills, Inc. has a twelve month low of $61.47 and a twelve month high of $75.90. The stock’s 50 day moving average is $71.44 and its 200-day moving average is $69.00. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $35.67 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 3.37 and a beta of 0.11.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. Sell-side analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Thursday, October 10th. General Mills’s dividend payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Citigroup increased their price target on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. The Goldman Sachs Group began coverage on General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price objective on the stock. TD Cowen increased their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.00.

About General Mills

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.