General Mills, Inc. (NYSE:GIS) Shares Sold by First National Corp MA ADV

First National Corp MA ADV decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,787 shares of the company’s stock after selling 531 shares during the period. First National Corp MA ADV’s holdings in General Mills were worth $206,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MGO One Seven LLC boosted its position in General Mills by 285.8% during the 4th quarter. MGO One Seven LLC now owns 30,524 shares of the company’s stock valued at $1,988,000 after purchasing an additional 22,612 shares during the period. Bontempo Ohly Capital Mgmt LLC increased its stake in shares of General Mills by 5.0% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 50,384 shares of the company’s stock worth $3,282,000 after acquiring an additional 2,400 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of General Mills during the 4th quarter valued at about $1,171,000. Studio Investment Management LLC increased its stake in shares of General Mills by 15.7% during the 4th quarter. Studio Investment Management LLC now owns 65,103 shares of the company’s stock worth $4,241,000 after purchasing an additional 8,858 shares during the last quarter. Finally, Security National Bank of SO Dak lifted its position in shares of General Mills by 2.2% in the fourth quarter. Security National Bank of SO Dak now owns 23,768 shares of the company’s stock worth $1,548,000 after buying an additional 510 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now owns 128,664 shares in the company, valued at $9,571,314.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General Mills news, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

General Mills Stock Down 0.6 %

Shares of GIS opened at $72.07 on Thursday. The stock’s 50-day moving average price is $71.95 and its two-hundred day moving average price is $69.13. General Mills, Inc. has a 12 month low of $61.01 and a 12 month high of $75.90. The company has a market capitalization of $40.23 billion, a PE ratio of 16.72, a PEG ratio of 3.82 and a beta of 0.10. 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 (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s dividend payout ratio is currently 55.68%.

Analysts Set New Price Targets

GIS has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. The Goldman Sachs Group assumed coverage on General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. TD Cowen lifted their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price target on shares of General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, Mizuho lowered their target price on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.73.

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.