First National Trust Co Sells 6,936 Shares of General Mills, Inc. (NYSE:GIS)

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

Other large investors also recently modified their holdings of the company. Operose Advisors LLC lifted its position in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of General Mills in the fourth quarter valued at about $28,000. Authentikos Wealth Advisory LLC purchased a new position in shares of General Mills in the third quarter valued at about $31,000. HHM Wealth Advisors LLC purchased a new position in shares of General Mills in the third quarter valued at about $32,000. Finally, Fortitude Family Office LLC purchased a new position in shares of General Mills in the fourth quarter valued at about $40,000. Institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

General Mills Trading Down 1.0 %

Shares of GIS traded down $0.74 during mid-day trading on Friday, reaching $69.91. 3,444,229 shares of the company’s stock traded hands, compared to its average volume of 3,869,986. The stock has a market cap of $39.70 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.44 and a beta of 0.15. The stock’s 50-day moving average is $68.16 and its two-hundred day moving average is $65.84. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GIS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Morgan Stanley boosted their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. HSBC boosted their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.