General Mills (NYSE:GIS) issued its quarterly earnings data on Wednesday. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01, MarketWatch Earnings reports. General Mills had a return on equity of 26.40% and a net margin of 12.68%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. General Mills updated its FY 2020
Pre-Market guidance to 3.41-3.48 EPS.
NYSE GIS opened at $53.68 on Friday. The business has a 50 day simple moving average of $52.99 and a 200 day simple moving average of $53.10. General Mills has a one year low of $46.59 and a one year high of $60.00. The stock has a market capitalization of $34.93 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.41 and a beta of 0.73. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.64 and a quick ratio of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Wednesday, April 8th. This represents a $1.96 annualized dividend and a yield of 3.65%. General Mills’s dividend payout ratio is currently 60.87%.
In related news, insider Shawn P. Ogrady sold 6,187 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $59.95, for a total transaction of $370,910.65. Following the completion of the sale, the insider now owns 134,820 shares of the company’s stock, valued at $8,082,459. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.
About General Mills
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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