Greenleaf Trust Buys 1,928 Shares of General Mills, Inc. (NYSE:GIS)

Greenleaf Trust increased its stake in General Mills, Inc. (NYSE:GIS) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,818 shares of the company’s stock after buying an additional 1,928 shares during the period. Greenleaf Trust’s holdings in General Mills were worth $1,486,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC raised its stake in General Mills by 123,599.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock worth $928,723,000 after buying an additional 11,067,051 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of General Mills by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,852,150 shares of the company’s stock valued at $734,907,000 after purchasing an additional 75,902 shares in the last quarter. Morgan Stanley increased its stake in shares of General Mills by 14.6% during the fourth quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock valued at $691,725,000 after purchasing an additional 1,051,169 shares in the last quarter. Northern Trust Corp increased its stake in shares of General Mills by 5.0% during the third quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after purchasing an additional 379,702 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of General Mills by 101.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935,085 shares of the company’s stock valued at $592,673,000 after purchasing an additional 3,496,741 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Trading Up 1.9 %

Shares of General Mills stock opened at $70.42 on Friday. The company’s fifty day simple moving average is $66.85 and its 200-day simple moving average is $65.31. The stock has a market capitalization of $39.99 billion, a PE ratio of 16.15, a P/E/G ratio of 2.43 and a beta of 0.15. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping 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 company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. As a group, equities analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders 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 dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. raised their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Bank of America raised their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Citigroup assumed coverage on shares of General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price target for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.18.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at approximately $20,523,044.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on 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 in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,782 shares of company stock worth $5,057,820. 0.24% of the stock is owned by corporate insiders.

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.