General Mills, Inc. (NYSE: GIS – Get Rating) insider Shawn P. Ogrady sold 43,565 shares of the company in a trade on Wednesday, April 20. The shares were sold at an average price of $71.90, for a total value of $3,132,323.50. Following the completion of the transaction, the insider now owns 87,554 shares of the company, valued at approximately $6,295,132.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
The GIS was down $0.69 in Friday’s midday session, hitting $72.50. The company’s shares had a trading volume of 182,108 shares, compared to its average volume of 3,835,771. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt ratio of of 1.09. The company has a market capitalization of $43.66 billion, a P/E ratio of 19.43, a PEG ratio of 2.47 and a beta of 0.52. The company has a 50-day moving average price of $67.22 and a two-hundred-day moving average price of $65.87. General Mills, Inc. has a 52-week low of $56.67 and a 52-week high of $73.80.
General Mills (NYSE:GIS – Get Rating) last released its quarterly results on Wednesday, March 23. The company reported EPS of $0.84 for the quarter, beating the consensus estimate of $0.78 by $0.06. The company posted revenue of $4.54 billion in the quarter, compared to $4.55 billion expected by analysts. General Mills had a return on equity of 23.10% and a net margin of 12.36%. The company’s revenue increased 0.4% year-over-year. In the same quarter of the previous year, the company achieved EPS of $0.82. On average, stock analysts expect General Mills, Inc. to post EPS of 3.83 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 2. Shareholders of record on Friday, April 8 will receive a dividend of $0.51. This represents an annualized dividend of $2.04 and a yield of 2.81%. The ex-date of this dividend is Thursday, April 7. General Mills’ dividend payout ratio (DPR) is 54.40%.
A number of research analysts have weighed in on SIG shares recently. Evercore ISI reaffirmed a “hold” rating and issued a $65.00 price target on General Mills shares in a research report on Thursday, December 23. Morgan Stanley raised its price target on General Mills from $51.00 to $56.00 in a research report on Tuesday, January 11. StockNews.com upgraded General Mills from a “hold” to a “buy” rating in a Thursday, March 24 research report. UBS Group began covering General Mills in a research report on Wednesday March 30. They issued a “neutral” rating and a price target of $69.00 for the company. Finally, Piper Sandler raised her price target on General Mills from $74.00 to $75.00 and gave the stock an “overweight” rating in a Thursday, March 24 research report. One equity research analyst rated the stock with a sell rating, seven issued a hold rating, three issued a buy rating and one issued a strong buy rating for the company’s stock . Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $67.09.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new position in General Mills stock in Q3 valued at around $27,000. NuWave Investment Management LLC acquired a new position in General Mills stock in Q4 valued at approximately $28,000. Herold Advisors Inc. acquired a new position in General Mills stock in Q3 valued at around $29,000. Ellis Investment Partners LLC increased its stake in General Mills shares by 81.7% in the 4th quarter. Ellis Investment Partners LLC now owns 447 shares of the company valued at $30,000 after buying 201 additional shares in the last quarter. Finally, HWG Holdings LP acquired a new position in General Mills stock in Q4 valued at around $30,000. Institutional investors hold 73.72% of the company’s shares.
General Mills Company Profile (Get an evaluation)
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The Company operates through five segments: North America Retail; Convenience stores and food services; Europe and Australia; Asia and Latin America; and pet. It offers ready-to-eat cereals, chilled yogurts, soups, meal kits, chilled and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and snacks, snacks -bars, fruit and savory snacks, ice cream, nutritional bars. , wellness drinks and savory and cereal snacks, as well as various organic products, including frozen and shelf-stable vegetables.
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