Insider Sale: General Mills, Inc. (NYSE: GIS) Insider Sells 5,000 Shares

General Mills, Inc. (NYSE: GIS) insider Jodi J. Benson sold 5,000 shares of the company in a trade that took place on Tuesday, December 28. The stock was sold for an average price of $ 66.59, for a total trade of $ 332,950.00. The transaction was disclosed in a file with the SEC, accessible through this hyperlink.

GIS shares traded up $ 0.03 on Thursday, reaching $ 67.05. 1,822,909 shares of the company were traded in the hands, compared to its average volume of 3,894,843. The company has a leverage ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.85. General Mills, Inc. has a one-year low of $ 53.96 and a one-year high of $ 69.68. The company’s fifty-day simple moving average is $ 63.92 and its 200-day simple moving average is $ 61.17. The stock has a market cap of $ 40.45 billion, a price / earnings ratio of 18.46, a P / E / G ratio of 2.33, and a beta of 0.53.

General Mills (NYSE: GIS) last reported its quarterly results on Tuesday, December 21. The company reported earnings per share of $ 0.99 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.05 ($ 0.06). The company posted revenue of $ 5 billion for the quarter, compared to $ 4.86 billion expected by analysts. General Mills had a net margin of 12.02% and a return on equity of 23.58%. The company’s quarterly revenue increased 6.0% year-over-year. During the same period of the previous year, the company earned $ 1.06 per share. As a group, sell-side analysts predict that General Mills, Inc. will post earnings per share of 3.78 for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 1. Investors of record on Friday, December 10 will receive a dividend of $ 0.51. The ex-dividend date is Friday January 7. This represents an annualized dividend of $ 2.04 and a dividend yield of 3.04%. General Mills’ payout ratio is 56.20%.

A number of analysts have recently weighed on GIS stocks. The Royal Bank of Canada raised its target price for General Mills shares from $ 65.00 to $ 66.00 and assigned the stock a “sector performance” rating in a report released on Thursday, September 23. Piper Sandler raised her target price on General Mills stock from $ 70.00 to $ 74.00 and rated the stock “overweight” in a report released Thursday, December 2. Evercore ISI reissued a “hold” note and issued a price target of $ 65 on General Mills shares in a report released on Thursday, December 23. Credit Suisse Group increased its price target on General Mills shares from $ 63.00 to $ 65.00 and rated the stock “neutral” in a report released on Wednesday, December 22. Finally, Deutsche Bank Aktiengesellschaft raised its price target on General Mills shares from $ 71.00 to $ 72.00 and gave the stock a “buy” rating in a report released on Monday, December 13. . One investment analyst rated the stock with a sell rating, five gave a conservation rating, two issued a buy rating, and one gave the stock a high buy rating. Based on data from MarketBeat, the stock currently has an average “Hold” rating and a consensus price target of $ 65.80.

A number of large investors have recently increased or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in General Mills shares by 156.0% in the third quarter. Nordea Investment Management AB now owns 6,003,558 shares of the company valued at $ 364,956,000 after purchasing an additional 3,658,468 shares in the last quarter. First Trust Advisors LP increased its holdings of General Mills shares by 224.5% in the second quarter. First Trust Advisors LP now owns 4,315,860 shares of the company valued at $ 262,965,000 after purchasing an additional 2,985,851 shares during the last quarter. Morgan Stanley increased its holdings of General Mills shares by 51.3% in the second quarter. Morgan Stanley now owns 8,785,086 shares of the company valued at $ 535,275,000 after purchasing an additional 2,980,227 shares in the last quarter. Capital International Investors increased its stake in General Mills shares by 8.3% in the second quarter. Capital International Investors now owns 27,462,315 shares of the company valued at $ 1,673,177,000 after purchasing an additional 2,114,798 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in General Mills shares by 3,843.2% in the third quarter. EP Wealth Advisors LLC now owns 1,630,157 shares of the company valued at $ 1,335,000 after purchasing an additional 1,588,816 shares in the last quarter. Institutional investors and hedge funds hold 75.17% of the company’s shares.

About General Mills

General Mills, Inc. is engaged in the manufacturing and marketing of branded consumer foods sold in retail stores. It operates in the following segments: North America, Retail, Europe and Australia, Convenience Stores and Food Service, Pets, and Asia and Latin America. The North American retail industry includes grocery stores, big box stores, member stores, health food chains, drug chains, dollar and discount chains, and grocery suppliers. in line.

Further reading: Call option

Insider buys and sells by quarter for General Mills (NYSE: GIS)

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