General Mills, Inc. (NYSE:GIS) Insider Sells $692,100.00 in Stock

General Mills, Inc. (NYSE:GIS) insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jonathon Nudi also recently made the following trade(s):

• On Monday, January 29th, Jonathon Nudi sold 7,671 shares of General Mills stock. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65.

General Mills Price Performance

General Mills stock opened at $69.95 on Friday. The firm has a market capitalization of $39.72 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.36 and a beta of 0.15. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89. The firm has a 50-day moving average price of $65.14 and a 200-day moving average price of $64.82. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.37%. General Mills’s dividend payout ratio (DPR) is 54.13%.

Analyst Ratings Changes

A number of equities analysts have weighed in on GIS shares. Citigroup initiated coverage on General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price for the company. HSBC raised their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Bank of America boosted their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their target price on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Mizuho raised their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Mills presently has an average rating of “Hold” and an average target price of $72.18.

Institutional Trading of General Mills

Large investors have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its stake in shares of General Mills by 2.2% in the first quarter. IHT Wealth Management LLC now owns 5,817 shares of the company’s stock worth $497,000 after acquiring an additional 126 shares during the last quarter. Atlas Capital Advisors LLC boosted its stake in General Mills by 2.1% during the 4th quarter. Atlas Capital Advisors LLC now owns 6,575 shares of the company’s stock worth $551,000 after purchasing an additional 136 shares during the last quarter. L.M. Kohn & Company grew its holdings in shares of General Mills by 2.6% during the third quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after buying an additional 155 shares in the last quarter. Traverso Chambers Private Wealth Management LLC raised its position in shares of General Mills by 1.0% in the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after buying an additional 156 shares during the last quarter. Finally, TrueWealth Advisors LLC lifted its stake in shares of General Mills by 4.3% in the third quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after buying an additional 158 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.