General Mills, Inc. $GIS Shares Acquired by Missouri Trust & Investment Co

Missouri Trust & Investment Co lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 31.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,096 shares of the company’s stock after purchasing an additional 496 shares during the quarter. Missouri Trust & Investment Co’s holdings in General Mills were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Garde Capital Inc. raised its stake in shares of General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after acquiring an additional 264 shares during the period. Perkins Coie Trust Co increased its holdings in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in General Mills in the second quarter valued at about $32,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Mills during the first quarter worth about $34,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of General Mills in the first quarter worth about $34,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the transaction, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GIS. Morgan Stanley dropped their target price on General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, September 15th. Wells Fargo & Company set a $53.00 price objective on shares of General Mills and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Stifel Nicolaus reduced their target price on shares of General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. The Goldman Sachs Group lowered shares of General Mills from a “buy” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $58.00 in a report on Monday, June 9th. Finally, Bernstein Bank dropped their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.82.

General Mills Price Performance

Shares of GIS stock opened at $51.13 on Thursday. The firm has a fifty day moving average of $49.79 and a two-hundred day moving average of $53.58. The firm has a market cap of $27.27 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.28 and a beta of -0.02. General Mills, Inc. has a 1-year low of $48.29 and a 1-year high of $74.98. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 EPS. As a group, research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

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.