General Mills, Inc. (NYSE:GIS) Director R Kerry Clark Sells 11,398 Shares

General Mills, Inc. (NYSE:GIS) Director R Kerry Clark sold 11,398 shares of the company’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $61.41, for a total value of $699,951.18. Following the completion of the transaction, the director now directly owns 65,199 shares in the company, valued at approximately $4,003,870.59. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NYSE GIS opened at $61.39 on Thursday. The business’s 50-day moving average price is $58.47 and its 200 day moving average price is $59.15. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 1.24. The firm has a market cap of $37.45 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.98 and a beta of 0.57. General Mills, Inc. has a 52-week low of $53.96 and a 52-week high of $66.14.

General Mills (NYSE:GIS) last announced its earnings results on Tuesday, March 23rd. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). General Mills had a net margin of 13.16% and a return on equity of 28.60%. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that General Mills, Inc. will post 3.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Friday, April 9th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $2.04 dividend on an annualized basis and a yield of 3.32%. General Mills’s payout ratio is currently 56.51%.

GIS has been the topic of several research analyst reports. Jefferies Financial Group reduced their price objective on shares of General Mills from $64.00 to $59.00 and set a “hold” rating on the stock in a report on Tuesday, January 12th. Credit Suisse Group lowered their price objective on shares of General Mills from $66.00 to $64.00 and set an “outperform” rating for the company in a research report on Monday, March 29th. JPMorgan Chase & Co. cut their target price on General Mills from $62.00 to $55.00 in a research report on Tuesday, January 19th. Finally, Morgan Stanley lowered their price target on General Mills from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Thursday, January 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. General Mills has a consensus rating of “Hold” and a consensus price target of $63.27.

Several large investors have recently modified their holdings of GIS. Pflug Koory LLC raised its holdings in General Mills by 349.0% during the fourth quarter. Pflug Koory LLC now owns 449 shares of the company’s stock worth $26,000 after purchasing an additional 349 shares in the last quarter. Cypress Point Wealth Management LLC purchased a new position in shares of General Mills during the 4th quarter worth approximately $28,000. SOA Wealth Advisors LLC. acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $36,000. Wolff Wiese Magana LLC acquired a new position in General Mills during the fourth quarter worth $41,000. Finally, Cascade Investment Advisors Inc. raised its position in General Mills by 36.4% in the fourth quarter. Cascade Investment Advisors Inc. now owns 750 shares of the company’s stock worth $44,000 after acquiring an additional 200 shares in the last quarter. 73.17% of the stock is currently owned by institutional investors and hedge funds.

General Mills Company 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, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Insider Buying and Selling by Quarter for General Mills (NYSE:GIS)

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