Sabal Trust CO Has $725,000 Stake in General Mills, Inc. (NYSE:GIS)

Sabal Trust CO trimmed its position in General Mills, Inc. (NYSE:GIS - Free Report) by 96.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,126 shares of the company's stock after selling 300,439 shares during the quarter. Sabal Trust CO's holdings in General Mills were worth $725,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills in the fourth quarter valued at approximately $31,000. Transce3nd LLC bought a new position in General Mills in the fourth quarter valued at approximately $32,000. VSM Wealth Advisory LLC bought a new position in General Mills in the fourth quarter valued at approximately $32,000. Finally, Perkins Coie Trust Co increased its stake in General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GIS shares. UBS Group decreased their target price on shares of General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Wall Street Zen cut shares of General Mills from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Mizuho decreased their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.73.

General Mills Trading Up 0.3%

Shares of General Mills stock traded up $0.14 during trading on Friday, hitting $50.51. The company's stock had a trading volume of 9,005,253 shares, compared to its average volume of 4,581,841. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.44. General Mills, Inc. has a 52 week low of $50.19 and a 52 week high of $75.90. The stock has a market cap of $27.84 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.26 and a beta of 0.02. The stock has a 50-day moving average price of $54.34 and a two-hundred day moving average price of $58.31.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. General Mills's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.61 dividend. This is a positive change from General Mills's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 4.83%. General Mills's payout ratio is presently 52.75%.

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.