Insider Selling: General Mills (NYSE:GIS) Insider Sells $72,225.00 in Stock

General Mills, Inc. (NYSE:GIS) insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

General Mills Price Performance

Shares of NYSE:GIS opened at $47.00 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $25.08 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.88 and a beta of -0.07. The firm’s 50 day moving average price is $47.13 and its 200-day moving average price is $49.36. General Mills, Inc. has a twelve month low of $45.15 and a twelve month high of $67.35.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.2%. General Mills’s payout ratio is 52.47%.

Hedge Funds Weigh In On General Mills

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC purchased a new stake in General Mills in the 3rd quarter worth $25,000. Garde Capital Inc. increased its holdings in shares of General Mills by 101.5% in the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after purchasing an additional 264 shares during the last quarter. Close Asset Management Ltd purchased a new stake in shares of General Mills in the third quarter worth about $28,000. Davis Capital Management bought a new position in General Mills during the third quarter valued at approximately $29,000. Finally, GKV Capital Management Co. Inc. purchased a new position in General Mills during the 1st quarter valued at approximately $34,000. Institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bernstein Bank decreased their price objective on General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Sanford C. Bernstein set a $54.00 price target on shares of General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Stifel Nicolaus reduced their price objective on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.44.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.