Tompkins Financial Corp Has $357,000 Position in General Mills, Inc. (NYSE:GIS)

Tompkins Financial Corp grew its holdings in General Mills, Inc. (NYSE:GIS) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,595 shares of the company’s stock after purchasing an additional 914 shares during the period. Tompkins Financial Corp’s holdings in General Mills were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Values First Advisors Inc. purchased a new stake in General Mills in the 3rd quarter worth about $27,000. Planning Capital Management Corp increased its holdings in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Fairscale Capital LLC purchased a new stake in shares of General Mills in the second quarter worth approximately $42,000. Catalyst Capital Advisors LLC purchased a new stake in General Mills in the 3rd quarter worth approximately $44,000. Finally, Rise Advisors LLC increased its stake in shares of General Mills by 46.7% in the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. TD Cowen cut their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Citigroup dropped their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $71.31.

General Mills Trading Up 1.5 %

Shares of General Mills stock opened at $59.21 on Friday. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90. The stock has a market capitalization of $32.64 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 3.65 and a beta of 0.11. The company has a 50-day simple moving average of $63.99 and a 200 day simple moving average of $67.58. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.25 earnings per share. Research analysts expect that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio is currently 52.17%.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,541 shares of company stock worth $3,321,170. Insiders own 0.26% of the company’s stock.

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 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.