Private Trust Co. NA Sells 635 Shares of General Mills, Inc. (NYSE:GIS)

Private Trust Co. NA cut its position in General Mills, Inc. (NYSE:GISGet Rating) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,110 shares of the company’s stock after selling 635 shares during the period. Private Trust Co. NA’s holdings in General Mills were worth $752,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new position in General Mills in the fourth quarter valued at about $28,000. Ellis Investment Partners LLC boosted its position in General Mills by 81.7% in the fourth quarter. Ellis Investment Partners LLC now owns 447 shares of the company’s stock valued at $30,000 after buying an additional 201 shares in the last quarter. HWG Holdings LP acquired a new position in General Mills in the fourth quarter valued at about $30,000. Dixon Hughes Goodman Wealth Advisors LLC boosted its position in General Mills by 67.8% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 515 shares of the company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. Finally, TAP Consulting LLC acquired a new position in General Mills in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 74.63% of the company’s stock.

In other General Mills news, insider Shawn P. Ogrady sold 43,565 shares of the company’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $71.90, for a total value of $3,132,323.50. Following the completion of the sale, the insider now owns 87,554 shares of the company’s stock, valued at $6,295,132.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn P. Ogrady sold 27,157 shares of the company’s stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $69.50, for a total transaction of $1,887,411.50. Following the completion of the sale, the insider now directly owns 87,554 shares of the company’s stock, valued at approximately $6,085,003. The disclosure for this sale can be found here. Insiders sold 81,633 shares of company stock worth $5,768,339 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

Shares of NYSE GIS opened at $67.90 on Thursday. The company’s 50 day simple moving average is $69.82 and its 200 day simple moving average is $68.06. General Mills, Inc. has a fifty-two week low of $56.67 and a fifty-two week high of $73.99. The firm has a market capitalization of $40.89 billion, a P/E ratio of 18.11, a P/E/G ratio of 2.28 and a beta of 0.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.74 and a quick ratio of 0.49.

General Mills (NYSE:GISGet Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. General Mills had a net margin of 12.36% and a return on equity of 23.10%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the business posted $0.82 earnings per share. General Mills’s revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that General Mills, Inc. will post 3.83 EPS for the current fiscal year.

GIS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Mills from $73.00 to $75.00 in a research report on Thursday, May 26th. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 22nd. Piper Sandler upped their target price on shares of General Mills from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, March 24th. StockNews.com upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research report on Thursday, March 24th. Finally, UBS Group initiated coverage on shares of General Mills in a research report on Wednesday, March 30th. They set a “neutral” rating and a $69.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.30.

General Mills Profile (Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

See Also

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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