General Mills (NYSE:GIS) Insider Sells $200,160.00 in Stock

Key Points

• Jacqueline Williams-Roll, an insider at General Mills, sold 4,000 shares of stock for a total of $200,160.00, resulting in a 5.67% decrease in their ownership in the company.
• General Mills reported $0.86 earnings per share for the recent quarter, exceeding estimates by $0.04, despite a 6.8% decline in revenue compared to the previous year.
• The company has recently increased its quarterly dividend to $0.61, reflecting a yield of 4.8%, indicating a commitment to returning value to shareholders.

General Mills, Inc. (NYSE:GIS - Get Free Report) insider Jacqueline Williams-Roll sold 4,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the transaction, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

General Mills Trading Up 0.9%

NYSE:GIS traded up $0.46 during trading hours on Tuesday, reaching $50.53. 5,516,967 shares of the stock were exchanged, compared to its average volume of 5,704,667. General Mills, Inc. has a twelve month low of $48.29 and a twelve month high of $74.98. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average of $49.76 and a two-hundred day moving average of $53.62. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.27 and a beta of -0.02.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the company posted $1.07 EPS. General Mills's revenue was down 6.8% compared to the same quarter last year. On average, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a $0.61 dividend. This is a positive change from General Mills's previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 4.8%. General Mills's payout ratio is currently 46.12%.

Institutional Investors Weigh In On General Mills

Hedge funds have recently modified their holdings of the company. Kera Capital Partners Inc. acquired a new stake in shares of General Mills during the 2nd quarter worth about $222,000. Victory Capital Management Inc. boosted its position in shares of General Mills by 7.3% in the first quarter. Victory Capital Management Inc. now owns 522,576 shares of the company's stock worth $31,245,000 after acquiring an additional 35,494 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of General Mills by 7.8% in the first quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company's stock worth $27,076,000 after acquiring an additional 32,628 shares during the last quarter. Rock Point Advisors LLC acquired a new stake in shares of General Mills in the first quarter worth approximately $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of General Mills by 126.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company's stock worth $46,285,000 after acquiring an additional 431,693 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group dropped their price objective on shares of General Mills from $49.00 to $47.00 and set a "sell" rating on the stock in a research note on Thursday, September 18th. Barclays dropped their price objective on shares of General Mills from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $45.00 price target (down from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Jefferies Financial Group lowered their price target on shares of General Mills from $51.00 to $50.00 and set a "hold" rating on the stock in a research note on Monday, September 8th. Finally, Stifel Nicolaus lowered their price target on shares of General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, General Mills has a consensus rating of "Hold" and an average target price of $55.82.

General Mills Company Profile

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.

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