3,049 Shares in General Mills, Inc. (NYSE:GIS) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust bought a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,049 shares of the company’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in General Mills by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company’s stock worth $4,376,573,000 after purchasing an additional 1,868,508 shares during the last quarter. State Street Corp lifted its position in shares of General Mills by 9.4% during the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after buying an additional 2,867,678 shares during the last quarter. Nordea Investment Management AB boosted its stake in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after buying an additional 3,058,414 shares in the last quarter. American Century Companies Inc. grew its position in General Mills by 13.3% in the fourth quarter. American Century Companies Inc. now owns 5,731,471 shares of the company’s stock valued at $365,496,000 after acquiring an additional 670,642 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $58.21 on Tuesday. The company has a market cap of $32.08 billion, a P/E ratio of 12.65, a PEG ratio of 1.94 and a beta of 0.06. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average price of $59.97 and a two-hundred day moving average price of $65.06. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently announced 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. This represents a $2.40 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Morgan Stanley initiated coverage on General Mills in a report on Monday. They set an “underweight” rating and a $53.00 price objective on the stock. Wells Fargo & Company lowered their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.69.

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.