Community Bank N.A. Decreases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Community Bank N.A. trimmed its position in General Mills, Inc. (NYSE:GIS) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,608 shares of the company’s stock after selling 970 shares during the period. Community Bank N.A.’s holdings in General Mills were worth $2,189,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GIS. Operose Advisors LLC increased its position in General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the period. Bruce G. Allen Investments LLC purchased a new position in General Mills during the 4th quarter valued at $28,000. Authentikos Wealth Advisory LLC purchased a new position in General Mills during the 3rd quarter valued at $31,000. HHM Wealth Advisors LLC purchased a new position in General Mills during the 3rd quarter valued at $32,000. Finally, Fortitude Family Office LLC bought a new stake in shares of General Mills during the 4th quarter valued at $40,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 17,726 shares of company stock worth $1,187,811. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Wells Fargo & Company boosted their target price on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Morgan Stanley upped their price target on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Finally, Barclays upped their price target on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Stock Performance

GIS traded up $0.79 during midday trading on Wednesday, hitting $71.61. 4,415,968 shares of the company traded hands, compared to its average volume of 4,277,180. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $40.67 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.46 and a beta of 0.15. The company’s 50-day moving average is $67.36 and its 200 day moving average is $65.49. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89.

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

General Mills Announces Dividend

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

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