General Mills, Inc. (NYSE:GIS) Insider Sells 710 Shares

General Mills, Inc. (NYSE:GIS - Get Free Report) insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

General Mills Trading Down 1.4 %

Shares of GIS traded down $1.02 during mid-day trading on Wednesday, reaching $69.83. 3,846,908 shares of the company's stock traded hands, compared to its average volume of 4,100,884. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock has a market cap of $39.66 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.44 and a beta of 0.15. The stock's 50-day moving average is $68.97 and its two-hundred day moving average is $66.17.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping 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 the consensus estimate of $4.97 billion. During the same period last year, the company earned $0.97 earnings per share. The business's revenue for the quarter was down .5% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GIS has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. HSBC boosted their price target on General Mills from $74.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, March 21st. Stifel Nicolaus reaffirmed a "buy" rating and set a $77.00 price objective on shares of General Mills in a report on Monday, April 22nd. Citigroup began coverage on shares of General Mills in a research report on Thursday, February 1st. They set a "neutral" rating and a $67.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of General Mills from $65.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, General Mills currently has a consensus rating of "Hold" and an average price target of $72.06.

Hedge Funds Weigh In On General Mills

A number of institutional investors have recently modified their holdings of GIS. Operose Advisors LLC lifted its position in shares of General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company's stock worth $26,000 after purchasing an additional 274 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in General Mills during the fourth quarter worth $27,000. Bruce G. Allen Investments LLC bought a new stake in General Mills during the 4th quarter valued at $28,000. Rise Advisors LLC increased its holdings in shares of General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company's stock valued at $29,000 after acquiring an additional 273 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company's stock worth $29,000 after acquiring an additional 336 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.