Stock Yards Bank & Trust Co. Sells 870 Shares of General Mills, Inc. (GIS)

Stock Yards Bank & Trust Co. trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 12.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,397 shares of the company’s stock after selling 870 shares during the period. Stock Yards Bank & Trust Co.’s holdings in General Mills were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GIS. Iowa State Bank raised its position in shares of General Mills by 0.6% in the second quarter. Iowa State Bank now owns 42,078 shares of the company’s stock valued at $2,331,000 after buying an additional 257 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of General Mills by 0.5% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 24,540 shares of the company’s stock valued at $1,360,000 after buying an additional 124 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of General Mills by 504.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 95,365 shares of the company’s stock valued at $5,283,000 after buying an additional 79,593 shares during the last quarter. Ledyard National Bank raised its position in shares of General Mills by 15.9% in the second quarter. Ledyard National Bank now owns 9,805 shares of the company’s stock valued at $543,000 after buying an additional 1,345 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of General Mills by 14.8% in the second quarter. Eqis Capital Management Inc. now owns 18,072 shares of the company’s stock valued at $1,001,000 after buying an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 72.59% of the company’s stock.

Shares of General Mills, Inc. (NYSE GIS) traded down $0.69 during mid-day trading on Thursday, reaching $58.63. 3,097,200 shares of the company’s stock traded hands, compared to its average volume of 3,148,243. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $33,360.00, a price-to-earnings ratio of 21.48, a PEG ratio of 2.64 and a beta of 0.66. General Mills, Inc. has a one year low of $49.65 and a one year high of $63.73.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. General Mills’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. sell-side analysts anticipate that General Mills, Inc. will post 3.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.34%. The ex-dividend date is Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 71.79%.

A number of brokerages have recently commented on GIS. Argus reiterated a “hold” rating on shares of General Mills in a research report on Wednesday, December 27th. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Susquehanna Bancshares set a $61.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Friday, January 5th. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group set a $60.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $58.17.

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General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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