Glenview Trust co Has $403,000 Position in General Mills, Inc. (NYSE:GIS)

Glenview Trust co reduced its holdings in General Mills, Inc. (NYSE:GIS) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,319 shares of the company’s stock after selling 501 shares during the period. Glenview Trust co’s holdings in General Mills were worth $403,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GIS. State Street Corp raised its holdings in General Mills by 9.4% in the third quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after purchasing an additional 2,867,678 shares during the period. Nordea Investment Management AB raised its holdings in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after purchasing an additional 3,058,414 shares during the period. JPMorgan Chase & Co. raised its holdings in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after purchasing an additional 2,926,232 shares during the period. Amundi raised its holdings in General Mills by 9.7% in the fourth quarter. Amundi now owns 4,082,376 shares of the company’s stock worth $248,902,000 after purchasing an additional 360,368 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in General Mills by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,004,777 shares of the company’s stock worth $255,385,000 after purchasing an additional 207,346 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 2.4 %

General Mills stock opened at $61.01 on Tuesday. The company has a market cap of $33.63 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The company has a fifty day simple moving average of $60.09 and a 200 day simple moving average of $65.55. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on GIS shares. JPMorgan Chase & Co. cut their target price on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company dropped their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Monday. Jefferies Financial Group raised their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Finally, Stifel Nicolaus dropped their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $67.71.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

General Mills 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.