Bank of Jackson Hole Trust Buys New Position in General Mills, Inc. (NYSE:GIS)

Bank of Jackson Hole Trust bought a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 531 shares of the company’s stock, valued at approximately $34,000.

Other large investors also recently added to or reduced their stakes in the company. Values First Advisors Inc. bought a new stake in General Mills during the third quarter valued at approximately $27,000. Endeavor Private Wealth Inc. bought a new stake in General Mills during the fourth quarter valued at approximately $26,000. Planning Capital Management Corp grew its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares during the period. Catalyst Capital Advisors LLC bought a new stake in General Mills during the third quarter valued at approximately $44,000. Finally, Heck Capital Advisors LLC bought a new stake in General Mills during the fourth quarter valued at approximately $38,000. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America dropped their price target on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Citigroup dropped their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company dropped their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, TD Cowen dropped their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $69.88.

General Mills Price Performance

Shares of NYSE:GIS opened at $59.15 on Friday. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 3.71 and a beta of 0.10. The firm has a fifty day moving average price of $61.01 and a 200 day moving average price of $66.61. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. As a group, sell-side analysts expect that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

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.