Community Bank N.A. Sells 970 Shares of General Mills, Inc. (NYSE:GIS)

Community Bank N.A. cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,608 shares of the company’s stock after selling 970 shares during the quarter. Community Bank N.A.’s holdings in General Mills were worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Trust Company N.A bought a new stake in shares of General Mills during the 4th quarter valued at approximately $50,000. Stratos Wealth Advisors LLC grew its holdings in General Mills by 1.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $722,000 after acquiring an additional 213 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in General Mills during the 4th quarter worth approximately $28,000. Sabal Trust CO grew its holdings in General Mills by 7,817.6% during the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock worth $18,902,000 after acquiring an additional 286,514 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in General Mills by 29.9% during the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock worth $146,000 after acquiring an additional 515 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the sale, the insider now owns 102,924 shares in the company, valued at $6,602,574.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 17,726 shares of company stock worth $1,187,811 over the last quarter. Insiders own 0.24% of the company’s stock.

General Mills Stock Up 1.1 %

Shares of General Mills stock traded up $0.79 during trading hours on Wednesday, reaching $71.61. The company’s stock had a trading volume of 4,415,968 shares, compared to its average volume of 4,277,180. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The company has a market capitalization of $40.67 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.46 and a beta of 0.15. The stock’s fifty day simple moving average is $67.36 and its two-hundred day simple moving average is $65.49. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.30%. General Mills’s dividend payout ratio is currently 54.13%.

Analysts Set New Price Targets

GIS has been the topic of a number of research reports. TD Cowen boosted their target price on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Stifel Nicolaus reissued a “buy” rating and set a $77.00 target price on shares of General Mills in a report on Monday. Morgan Stanley upped their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Barclays upped their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.