General Mills, Inc. (NYSE:GIS – Get Free Report) insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
General Mills Trading Down 0.5%
Shares of GIS stock opened at $32.98 on Friday. The firm has a 50-day moving average price of $36.66 and a 200 day moving average price of $42.90. General Mills, Inc. has a twelve month low of $32.91 and a twelve month high of $55.35. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 8.06 and a beta of -0.02. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17.
General Mills (NYSE:GIS – Get Free Report) last announced its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the firm posted $1.12 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 3.43 earnings per share for the current fiscal year.
Institutional Trading of General Mills
Analysts Set New Price Targets
GIS has been the subject of several analyst reports. Sanford C. Bernstein cut their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Piper Sandler lowered their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday. The Goldman Sachs Group lowered their price target on General Mills from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. UBS Group lowered their price target on General Mills from $40.00 to $35.00 and set a “sell” rating for the company in a report on Thursday, March 19th. Finally, Mizuho lowered their price target on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, General Mills has a consensus rating of “Reduce” and a consensus price target of $42.61.
Read Our Latest Research Report on General Mills
General Mills Company Profile
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.
Recommended Stories
- Five stocks we like better than General Mills
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.
