Cambridge Trust Co. Has $1.41 Million Position in General Mills, Inc. (NYSE:GIS)

Cambridge Trust Co. reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,090 shares of the company’s stock after selling 398 shares during the period. Cambridge Trust Co.’s holdings in General Mills were worth $1,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GIS. Fifth Third Bancorp raised its holdings in General Mills by 1.1% during the fourth quarter. Fifth Third Bancorp now owns 60,059 shares of the company’s stock worth $3,912,000 after acquiring an additional 652 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in General Mills by 7.3% during the fourth quarter. Pinnacle Financial Partners Inc now owns 31,643 shares of the company’s stock worth $2,061,000 after acquiring an additional 2,166 shares in the last quarter. Drive Wealth Management LLC bought a new stake in General Mills during the fourth quarter worth about $256,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in General Mills by 17.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,087 shares of the company’s stock worth $136,000 after acquiring an additional 303 shares in the last quarter. Finally, Trust Point Inc. bought a new stake in General Mills in the fourth quarter valued at approximately $298,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on GIS shares. JPMorgan Chase & Co. reduced their target price on General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Sanford C. Bernstein raised shares of General Mills from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $62.00 to $70.00 in a research report on Wednesday, May 15th. Citigroup reduced their price objective on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Stifel Nicolaus reduced their price objective on shares of General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. Finally, Barclays reduced their price objective on shares of General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $68.82.

Insider Activity at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by company insiders.

General Mills Price Performance

NYSE GIS traded up $1.61 during trading on Friday, hitting $69.28. 5,271,531 shares of the company’s stock were exchanged, compared to its average volume of 3,484,521. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17. The company has a market cap of $38.67 billion, a PE ratio of 16.07, a P/E/G ratio of 3.83 and a beta of 0.09. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $75.77. The stock’s 50 day moving average price is $65.62 and its two-hundred day moving average price is $66.66.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. Research analysts expect that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 3.46%. General Mills’s dividend payout ratio is presently 55.68%.

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