Security National Bank of Sioux City Iowa IA Buys 8,883 Shares of General Mills, Inc. (NYSE:GIS)

Security National Bank of Sioux City Iowa IA boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 36.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,487 shares of the company’s stock after acquiring an additional 8,883 shares during the period. General Mills comprises about 1.5% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 21st largest position. Security National Bank of Sioux City Iowa IA’s holdings in General Mills were worth $2,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GIS. Rise Advisors LLC lifted its position in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 336 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of General Mills by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after purchasing an additional 229 shares during the period. RFP Financial Group LLC lifted its position in General Mills by 66.3% in the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after buying an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of General Mills by 769.2% during the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Up 0.3 %

Shares of General Mills stock opened at $73.99 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $75.90. The stock has a 50-day moving average price of $70.70 and a 200 day moving average price of $68.77. The company has a market cap of $41.30 billion, a P/E ratio of 17.17, a P/E/G ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the firm posted $1.09 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. As a group, analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s payout ratio is currently 55.68%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GIS shares. Argus reiterated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Bank of America boosted their target price on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company upped their target price on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Evercore ISI lowered their price target on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. decreased their price target on General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.73.

Insiders Place Their Bets

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% 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.