Jacqueline Williams-Roll Sells 10,000 Shares of General Mills (NYSE:GIS) Stock

General Mills, Inc. (NYSE:GISGet 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:GISGet 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of General Mills during the 3rd quarter worth about $25,000. Reflection Asset Management purchased a new stake in shares of General Mills during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of General Mills during the 4th quarter worth about $26,000. Brown Shipley& Co Ltd purchased a new stake in shares of General Mills during the 1st quarter worth about $26,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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

(Get Free Report)

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.

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