Stock Yards Bank & Trust Co. Sells 190 Shares of General Mills, Inc. (NYSE:GIS)

Stock Yards Bank & Trust Co. trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,039 shares of the company’s stock after selling 190 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in General Mills were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GIS. Vanguard Group Inc. grew its stake in General Mills by 16.3% during the first quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock worth $4,219,113,000 after buying an additional 8,444,312 shares during the last quarter. Norges Bank bought a new stake in shares of General Mills during the fourth quarter valued at approximately $377,205,000. Capital Research Global Investors grew its stake in shares of General Mills by 22.3% during the first quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after purchasing an additional 2,488,341 shares during the last quarter. American Century Companies Inc. grew its stake in shares of General Mills by 100.4% during the second quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock valued at $299,138,000 after purchasing an additional 2,368,563 shares during the last quarter. Finally, Wulff Hansen & CO. grew its stake in shares of General Mills by 6,140.4% during the second quarter. Wulff Hansen & CO. now owns 945,421 shares of the company’s stock valued at $59,807,000 after purchasing an additional 930,271 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Trading Down 0.2 %

GIS opened at $74.50 on Wednesday. The firm’s fifty day moving average is $69.21 and its two-hundred day moving average is $68.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The firm has a market cap of $41.58 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GIS. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, June 27th. Wells Fargo & Company increased their price target on shares of General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Bank of America increased their price target on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Finally, Citigroup raised their price objective on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.60.

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.