8,091 Shares in General Mills, Inc. (NYSE:GIS) Bought by Heritage Trust Co

Heritage Trust Co acquired a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,091 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds also recently made changes to their positions in GIS. Treasurer of the State of North Carolina boosted its position in shares of General Mills by 4.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 376,142 shares of the company’s stock valued at $23,987,000 after purchasing an additional 15,700 shares during the period. LSV Asset Management boosted its holdings in shares of General Mills by 115.2% in the fourth quarter. LSV Asset Management now owns 2,817,780 shares of the company’s stock valued at $179,690,000 after acquiring an additional 1,508,680 shares during the period. Bessemer Group Inc. grew its position in shares of General Mills by 1.8% during the fourth quarter. Bessemer Group Inc. now owns 134,965 shares of the company’s stock worth $8,607,000 after acquiring an additional 2,450 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of General Mills by 68.1% in the 4th quarter. Martingale Asset Management L P now owns 18,910 shares of the company’s stock valued at $1,206,000 after acquiring an additional 7,662 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of General Mills by 109.6% in the 4th quarter. APG Asset Management N.V. now owns 576,159 shares of the company’s stock valued at $35,482,000 after acquiring an additional 301,300 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 1.3 %

Shares of General Mills stock opened at $57.92 on Friday. The company has a 50-day moving average of $59.61 and a two-hundred day moving average of $63.44. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market cap of $31.93 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. On average, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.14%. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

Analysts Set New Price Targets

GIS has been the topic of several research reports. TD Cowen lowered their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Bank of America lowered their price target on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft lowered their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Finally, Mizuho cut their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, General Mills presently has an average rating of “Hold” and an average target price of $65.69.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

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 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.