Pankaj Mn Sharma Sells 2,325 Shares of General Mills, Inc. (NYSE:GIS) Stock

General Mills, Inc. (NYSE:GIS) insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

General Mills Trading Down 0.1 %

GIS stock traded down $0.06 during trading on Tuesday, hitting $74.13. The company had a trading volume of 519,623 shares, compared to its average volume of 3,972,100. The stock has a market cap of $41.38 billion, a PE ratio of 17.25, a PEG ratio of 3.86 and a beta of 0.10. The business has a 50-day moving average of $70.14 and a 200-day moving average of $68.63. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a one year low of $60.33 and a one year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. General Mills’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Research analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were given a $0.60 dividend. The ex-dividend date was Wednesday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a dividend yield of 3.24%. General Mills’s dividend payout ratio (DPR) is 55.68%.

Wall Street Analyst Weigh In

Several brokerages have commented on GIS. Citigroup boosted their target price on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. TD Cowen increased their price objective on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Mizuho lowered their price target on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, Argus reissued a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $72.73.

Institutional Investors Weigh In On General Mills

Institutional investors and hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors boosted its holdings in General Mills by 41.8% in the second quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock worth $2,309,000 after acquiring an additional 10,765 shares in the last quarter. Optimist Retirement Group LLC acquired a new stake in General Mills in the 4th quarter valued at $1,171,000. State Board of Administration of Florida Retirement System increased its stake in General Mills by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 688,543 shares of the company’s stock valued at $48,177,000 after purchasing an additional 38,021 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in General Mills by 16.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 696,170 shares of the company’s stock worth $48,711,000 after buying an additional 96,712 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA lifted its stake in shares of General Mills by 164.1% in the fourth quarter. Mitchell Sinkler & Starr PA now owns 18,182 shares of the company’s stock valued at $1,307,000 after buying an additional 11,298 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

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.