Trust Co. of Toledo NA OH Trims Position in General Mills, Inc. (NYSE:GIS)

Trust Co. of Toledo NA OH trimmed its position in General Mills, Inc. (NYSE:GIS) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,846 shares of the company’s stock after selling 2,238 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in General Mills were worth $2,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GIS. Values First Advisors Inc. bought a new stake in shares of General Mills in the 3rd quarter valued at about $27,000. Planning Capital Management Corp boosted its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares in the last quarter. Fairscale Capital LLC bought a new position in General Mills in the second quarter worth about $42,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills in the 3rd quarter valued at about $44,000. Finally, Rise Advisors LLC raised its stake in shares of General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after acquiring an additional 193 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GIS shares. Wells Fargo & Company reduced their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Piper Sandler raised their price objective on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, TD Cowen cut their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $71.31.

General Mills Stock Up 1.0 %

NYSE GIS traded up $0.61 during trading on Monday, reaching $59.11. 1,439,243 shares of the company’s stock were exchanged, compared to its average volume of 4,070,708. The stock has a market cap of $32.58 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The company has a 50 day moving average price of $64.51 and a two-hundred day moving average price of $67.70. General Mills, Inc. has a 1 year low of $58.27 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the business earned $1.25 EPS. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is currently 52.17%.

Insider Buying and Selling at General Mills

In other General Mills news, 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 transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,624 shares of company stock valued at $3,897,326 in the last ninety days. Insiders own 0.26% of the company’s stock.

About General Mills

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.