Lcnb Corp Has $729,000 Holdings in General Mills, Inc. (GIS)

Lcnb Corp boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.4% in the first quarter, HoldingsChannel.com reports. The fund owned 14,078 shares of the company’s stock after buying an additional 591 shares during the quarter. Lcnb Corp’s holdings in General Mills were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Actinver Wealth Management Inc. acquired a new position in shares of General Mills in the 4th quarter valued at $991,000. Two Sigma Advisers LP grew its holdings in shares of General Mills by 24.1% in the 4th quarter. Two Sigma Advisers LP now owns 897,719 shares of the company’s stock valued at $34,957,000 after buying an additional 174,157 shares during the period. Norges Bank acquired a new position in shares of General Mills in the 4th quarter valued at $208,406,000. DNB Asset Management AS grew its holdings in shares of General Mills by 27.4% in the 1st quarter. DNB Asset Management AS now owns 110,514 shares of the company’s stock valued at $5,719,000 after buying an additional 23,762 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of General Mills by 5.5% in the 4th quarter. Stifel Financial Corp now owns 1,864,294 shares of the company’s stock valued at $72,721,000 after buying an additional 96,997 shares during the period. 69.16% of the stock is owned by hedge funds and other institutional investors.

GIS opened at $51.54 on Friday. The firm has a market capitalization of $30.78 billion, a P/E ratio of 16.57, a P/E/G ratio of 2.18 and a beta of 0.77. General Mills, Inc. has a 12 month low of $36.42 and a 12 month high of $52.17. The company has a current ratio of 0.55, a quick ratio of 0.35 and a debt-to-equity ratio of 1.61.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.69 by $0.14. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.21 billion. General Mills had a net margin of 9.26% and a return on equity of 28.11%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. As a group, equities analysts forecast that General Mills, Inc. will post 3.14 EPS for the current year.

In related news, CFO Donal L. Mulligan sold 126,337 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $50.00, for a total value of $6,316,850.00. Following the sale, the chief financial officer now directly owns 378,663 shares of the company’s stock, valued at approximately $18,933,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donal L. Mulligan sold 120,722 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the completion of the sale, the chief financial officer now directly owns 252,326 shares in the company, valued at $11,985,485. The disclosure for this sale can be found here. Insiders sold a total of 444,222 shares of company stock worth $21,764,784 over the last ninety days. 0.59% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on GIS. Wells Fargo & Co boosted their price target on shares of General Mills from $53.00 to $56.00 and gave the company a “positive” rating in a report on Friday, March 22nd. Morgan Stanley boosted their price target on shares of General Mills from $41.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of General Mills from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Credit Suisse Group boosted their price target on shares of General Mills from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Citigroup reissued a “top pick” rating and issued a $60.00 price target (up previously from $54.00) on shares of General Mills in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.91.

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General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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