Paul Joseph Gallagher Sells 1,041 Shares of General Mills, Inc. (NYSE:GIS) Stock

General Mills, Inc. (NYSE:GIS) insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

General Mills Stock Performance

Shares of GIS stock opened at $63.74 on Wednesday. The company’s fifty day simple moving average is $66.33 and its 200-day simple moving average is $68.09. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. The company has a market cap of $35.14 billion, a PE ratio of 15.18, a P/E/G ratio of 3.41 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.77%. General Mills’s payout ratio is currently 52.17%.

Institutional Investors Weigh In On General Mills

Large investors have recently added to or reduced their stakes in the company. Values First Advisors Inc. purchased a new position in General Mills in the 3rd quarter valued at about $27,000. First Foundation Advisors lifted its stake in shares of General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Planning Capital Management Corp boosted its holdings in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the last quarter. Fairscale Capital LLC acquired a new stake in General Mills during the 2nd quarter valued at approximately $42,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in General Mills during the 3rd quarter worth approximately $44,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Citigroup lowered their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Piper Sandler upped their price objective on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Stifel Nicolaus lowered their target price on shares of General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.56.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.