Inspire Trust Co. N.A. Has $2.79 Million Holdings in General Mills, Inc. $GIS

Inspire Trust Co. N.A. increased its position in shares of General Mills, Inc. (NYSE:GIS) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company’s stock after acquiring an additional 15,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in General Mills were worth $2,790,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GIS. Rothschild Investment LLC increased its stake in General Mills by 35.0% in the 4th quarter. Rothschild Investment LLC now owns 10,563 shares of the company’s stock valued at $491,000 after buying an additional 2,741 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in General Mills in the 4th quarter valued at approximately $15,476,000. Ilmarinen Mutual Pension Insurance Co acquired a new position in General Mills in the 4th quarter valued at approximately $4,743,000. Moors & Cabot Inc. increased its stake in General Mills by 17.5% in the 4th quarter. Moors & Cabot Inc. now owns 38,402 shares of the company’s stock valued at $1,786,000 after buying an additional 5,715 shares during the period. Finally, Investment Partners LTD. increased its stake in General Mills by 7.0% in the 4th quarter. Investment Partners LTD. now owns 5,097 shares of the company’s stock valued at $237,000 after buying an additional 334 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

GIS stock opened at $33.86 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 8.28 and a beta of -0.02. General Mills, Inc. has a 12 month low of $32.64 and a 12 month high of $55.19. The firm has a 50 day moving average of $35.30 and a two-hundred day moving average of $42.03.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, equities analysts anticipate that General Mills, Inc. will post 3.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GIS shares. Sanford C. Bernstein dropped their price objective on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Stifel Nicolaus dropped their price objective on shares of General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Royal Bank Of Canada dropped their price objective on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Morgan Stanley dropped their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group dropped their price objective on shares of General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $41.78.

Insider Activity at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.