Trustmark National Bank Trust Department Raises Position in General Mills, Inc. (NYSE:GIS)

Trustmark National Bank Trust Department raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,674 shares of the company’s stock after buying an additional 349 shares during the period. Trustmark National Bank Trust Department’s holdings in General Mills were worth $2,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GIS. Values First Advisors Inc. purchased a new stake in General Mills during the 3rd quarter valued at about $27,000. First Foundation Advisors increased its stake in shares of General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after buying an additional 400 shares during the period. Planning Capital Management Corp raised its holdings in General Mills by 61.5% during the 3rd 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 last quarter. Beacon Capital Management LLC boosted its position in General Mills by 47.5% during the 1st quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock valued at $39,000 after buying an additional 180 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in General Mills in the 3rd quarter worth $44,000. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Mills news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the transaction, the insider now owns 128,664 shares in the company, valued at approximately $9,571,314.96. This trade represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,555 shares of company stock valued at $4,721,336. 0.26% of the stock is owned by insiders.

General Mills Trading Up 1.6 %

General Mills stock opened at $63.80 on Thursday. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The company has a market capitalization of $35.42 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 3.26 and a beta of 0.11. The business’s fifty day simple moving average is $70.00 and its two-hundred day simple moving average is $68.70. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. General Mills’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. As a group, equities analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GIS. Barclays upped their price objective on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. TD Cowen increased their price objective on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Citigroup boosted their target price on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. raised their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group began coverage on shares of General Mills in a report on Monday, August 12th. They issued a “buy” rating and a $76.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average target price of $72.67.

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 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.