Diversified Trust Co Has $268,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Diversified Trust Co trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 83.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,628 shares of the company’s stock after selling 18,013 shares during the period. Diversified Trust Co’s holdings in General Mills were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GIS. GAMMA Investing LLC lifted its position in shares of General Mills by 12.5% in the third quarter. GAMMA Investing LLC now owns 12,417 shares of the company’s stock worth $917,000 after purchasing an additional 1,383 shares in the last quarter. Czech National Bank lifted its position in General Mills by 5.4% in the 3rd quarter. Czech National Bank now owns 113,389 shares of the company’s stock worth $8,374,000 after buying an additional 5,808 shares in the last quarter. Thrive Wealth Management LLC lifted its position in General Mills by 2.8% in the 3rd quarter. Thrive Wealth Management LLC now owns 6,528 shares of the company’s stock worth $482,000 after buying an additional 177 shares in the last quarter. HBW Advisory Services LLC boosted its stake in shares of General Mills by 0.6% during the 3rd quarter. HBW Advisory Services LLC now owns 34,000 shares of the company’s stock valued at $2,511,000 after buying an additional 196 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of General Mills by 142.1% in the third quarter. SG Americas Securities LLC now owns 254,510 shares of the company’s stock worth $18,796,000 after acquiring an additional 149,367 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Price Performance

Shares of NYSE:GIS opened at $70.82 on Friday. The company has a market cap of $39.53 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.71 and a beta of 0.10. The business has a 50 day moving average price of $72.12 and a 200 day moving average price of $69.17. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a twelve month low of $61.01 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the prior year, the business earned $1.09 earnings per share. General Mills’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.39%. General Mills’s payout ratio is 55.68%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho reduced their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Barclays boosted their price target on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. TD Cowen raised their price objective on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Argus reissued a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. Finally, Evercore ISI cut their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus target price of $72.73.

Insider Activity

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

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.