Farmers & Merchants Trust Co of Chambersburg PA Sells 3,808 Shares of General Mills, Inc. (NYSE:GIS)

Farmers & Merchants Trust Co of Chambersburg PA decreased its position in General Mills, Inc. (NYSE:GIS) by 23.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,200 shares of the company’s stock after selling 3,808 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in General Mills were worth $778,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after acquiring an additional 3,058,414 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the last quarter. State Street Corp boosted its stake in General Mills by 9.4% in the third quarter. State Street Corp now owns 33,502,737 shares of the company’s stock valued at $2,474,177,000 after acquiring an additional 2,867,678 shares during the last quarter. Nepsis Inc. boosted its position in shares of General Mills by 3,504.8% in the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock worth $138,023,000 after purchasing an additional 2,104,353 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of General Mills by 6,114.0% in the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after purchasing an additional 443,202 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % 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. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GIS shares. Deutsche Bank Aktiengesellschaft reduced their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Citigroup reduced their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. TD Cowen reduced 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 note on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.13.

General Mills Stock Up 2.0 %

GIS stock opened at $59.60 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The stock has a market capitalization of $32.86 billion, a P/E ratio of 12.96, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a fifty-two week low of $57.85 and a fifty-two week high of $75.90. The business has a 50-day moving average of $61.85 and a 200-day moving average of $66.99.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.4 earnings per share 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. Investors of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

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.