Harbour Trust & Investment Management Co Sells 2,316 Shares of General Mills, Inc. (NYSE:GIS)

Harbour Trust & Investment Management Co reduced its position in General Mills, Inc. (NYSE:GIS) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,110 shares of the company’s stock after selling 2,316 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in General Mills were worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the 4th quarter worth approximately $26,000. Values First Advisors Inc. purchased a new stake in General Mills in the third quarter worth $27,000. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of General Mills in the third quarter worth about $44,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Citigroup lowered their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus lowered their price target on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.94.

General Mills Stock Performance

Shares of NYSE GIS opened at $58.86 on Monday. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90. The company has a market cap of $32.45 billion, a PE ratio of 12.80, a P/E/G ratio of 3.82 and a beta of 0.10. The stock has a 50 day simple moving average of $62.31 and a 200-day simple moving average of $67.14. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. On average, equities research analysts forecast that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s dividend payout ratio is presently 52.17%.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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.