General Mills, Inc. (NYSE:GIS) Shares Sold by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. trimmed its position in General Mills, Inc. (NYSE:GIS) by 6.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,050 shares of the company’s stock after selling 200 shares during the period. Stonebridge Capital Management Inc.’s holdings in General Mills were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Traverso Chambers Private Wealth Management LLC lifted its position in shares of General Mills by 1.0% during the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after purchasing an additional 156 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in General Mills by 2.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock valued at $382,000 after purchasing an additional 164 shares during the period. Gulf International Bank UK Ltd increased its stake in General Mills by 0.3% in the first quarter. Gulf International Bank UK Ltd now owns 48,176 shares of the company’s stock valued at $3,370,000 after purchasing an additional 165 shares during the period. Berger Financial Group Inc increased its stake in General Mills by 2.5% in the fourth quarter. Berger Financial Group Inc now owns 6,937 shares of the company’s stock valued at $452,000 after purchasing an additional 168 shares during the period. Finally, Tompkins Financial Corp increased its stake in General Mills by 6.6% in the third quarter. Tompkins Financial Corp now owns 2,787 shares of the company’s stock valued at $178,000 after purchasing an additional 172 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays lifted their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday. HSBC lifted their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus dropped their price objective on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Mizuho boosted their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.89.

Insider Buying and Selling

In related news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by company insiders.

General Mills Price Performance

Shares of NYSE GIS traded up $0.12 on Thursday, hitting $64.29. The company’s stock had a trading volume of 1,448,261 shares, compared to its average volume of 4,112,479. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 3.13 and a beta of 0.12. The stock has a 50 day moving average of $68.85 and a 200-day moving average of $66.80. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $78.88.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. As a group, research analysts predict that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This is a positive change from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.73%. General Mills’s dividend payout ratio is 54.13%.

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.