General Mills, Inc. (NYSE:GIS) CEO Jeffrey L. Harmening Sells 11,379 Shares

General Mills, Inc. (NYSE:GIS - Get Free Report) CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

General Mills Price Performance

Shares of GIS stock traded down $2.31 on Wednesday, hitting $60.03. 5,266,534 shares of the stock traded hands, compared to its average volume of 3,962,451. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.94 and a beta of 0.06. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $60.26 and a two-hundred day simple moving average of $65.83. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

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General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is currently 52.17%.

Wall Street Analyst Weigh In

GIS has been the subject of several research reports. Mizuho decreased their price objective on shares of General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Jefferies Financial Group boosted their target price on shares of General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday. Wells Fargo & Company dropped their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus cut their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their target price on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, General Mills presently has an average rating of "Hold" and a consensus target price of $68.24.

Institutional Investors Weigh In On General Mills

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of General Mills by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 792,993 shares of the company's stock valued at $58,563,000 after purchasing an additional 27,847 shares during the last quarter. Fiera Capital Corp boosted its stake in General Mills by 8.7% during the third quarter. Fiera Capital Corp now owns 6,745 shares of the company's stock valued at $498,000 after buying an additional 540 shares during the last quarter. CWA Asset Management Group LLC bought a new position in General Mills during the third quarter valued at approximately $286,000. Verdence Capital Advisors LLC grew its holdings in General Mills by 70.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 24,233 shares of the company's stock valued at $1,790,000 after buying an additional 9,978 shares in the last quarter. Finally, Assetmark Inc. increased its stake in General Mills by 1.8% in the 3rd quarter. Assetmark Inc. now owns 563,390 shares of the company's stock worth $41,606,000 after acquiring an additional 9,722 shares during the last quarter. Institutional investors own 75.71% of the company's stock.

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.