CENTRAL TRUST Co decreased its position in General Mills, Inc. (NYSE:GIS) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 92,406 shares of the company’s stock after selling 4,953 shares during the period. CENTRAL TRUST Co’s holdings in General Mills were worth $5,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lenox Wealth Management Inc. lifted its holdings in General Mills by 0.3% during the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after buying an additional 11 shares during the period. LLBH Private Wealth Management LLC lifted its holdings in shares of General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after purchasing an additional 25 shares during the last quarter. CFO4Life Group LLC lifted its holdings in shares of General Mills by 1.3% during the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock valued at $212,000 after purchasing an additional 48 shares during the last quarter. Argent Trust Co lifted its holdings in shares of General Mills by 0.6% during the 2nd quarter. Argent Trust Co now owns 16,141 shares of the company’s stock valued at $894,000 after purchasing an additional 100 shares during the last quarter. Finally, Associated Banc Corp lifted its holdings in shares of General Mills by 0.3% during the 2nd quarter. Associated Banc Corp now owns 28,880 shares of the company’s stock valued at $1,600,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

General Mills, Inc. (GIS) traded up $0.16 during midday trading on Tuesday, hitting $59.93. The company had a trading volume of 1,290,000 shares, compared to its average volume of 3,830,000. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills, Inc. has a 52-week low of $49.65 and a 52-week high of $63.73. The firm has a market cap of $34,100.00, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. sell-side analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 9th. General Mills’s payout ratio is 71.79%.

In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Several analysts have recently commented on GIS shares. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group started coverage on General Mills in a report on Friday, October 20th. They set a “hold” rating and a $56.00 price objective for the company. Royal Bank of Canada set a $58.00 price objective on General Mills and gave the company a “hold” rating in a report on Monday, October 23rd. Wells Fargo & Co upgraded General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Monday, December 18th. Finally, Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.28.

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General Mills Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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