Whittier Trust Co. of Nevada Inc. Has $1.34 Million Stock Position in General Mills, Inc. $GIS

Whittier Trust Co. of Nevada Inc. lowered its stake in General Mills, Inc. (NYSE:GIS) by 10.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,928 shares of the company’s stock after selling 3,012 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in General Mills were worth $1,343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GIS. GAMMA Investing LLC boosted its position in General Mills by 12.2% in the first quarter. GAMMA Investing LLC now owns 19,597 shares of the company’s stock valued at $1,172,000 after buying an additional 2,127 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in General Mills by 49.1% in the first quarter. Oppenheimer & Co. Inc. now owns 66,126 shares of the company’s stock valued at $3,954,000 after buying an additional 21,789 shares in the last quarter. Valmark Advisers Inc. boosted its position in General Mills by 11.7% in the first quarter. Valmark Advisers Inc. now owns 7,674 shares of the company’s stock valued at $459,000 after buying an additional 802 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in General Mills by 1.3% in the first quarter. Asset Management One Co. Ltd. now owns 353,484 shares of the company’s stock valued at $21,135,000 after buying an additional 4,464 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC boosted its position in General Mills by 88.5% in the first quarter. AssuredPartners Investment Advisors LLC now owns 10,689 shares of the company’s stock valued at $639,000 after buying an additional 5,019 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the sale, the insider directly owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $49.18 on Thursday. General Mills, Inc. has a twelve month low of $47.48 and a twelve month high of $69.03. The firm has a fifty day simple moving average of $49.61 and a 200 day simple moving average of $52.13. The company has a market capitalization of $26.23 billion, a PE ratio of 9.30, a P/E/G ratio of 1.22 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm earned $1.07 earnings per share. General Mills’s quarterly revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s payout ratio is 46.12%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company set a $53.00 target price on shares of General Mills and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $67.00 to $63.00 in a research note on Thursday, June 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $45.00 price target (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.82.

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.