General Mills, Inc. (NYSE:GIS) Insider Sells $67,144.50 in Stock

General Mills, Inc. (NYSE:GIS - Get Free Report) insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

General Mills Trading Down 0.1 %

General Mills stock traded down $0.06 during trading on Monday, hitting $63.55. The company's stock had a trading volume of 3,380,145 shares, compared to its average volume of 3,981,685. The stock has a market capitalization of $35.03 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 3.41 and a beta of 0.10. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The stock's fifty day moving average is $66.47 and its 200 day moving average is $68.11.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.14 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm's quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.78%. General Mills's dividend payout ratio is presently 52.17%.

Institutional Investors Weigh In On General Mills

A number of institutional investors have recently added to or reduced their stakes in the company. Values First Advisors Inc. purchased a new position in shares of General Mills during the third quarter valued at $27,000. First Foundation Advisors lifted its position in General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company's stock worth $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp boosted its holdings in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock valued at $37,000 after purchasing an additional 193 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of General Mills during the second quarter worth approximately $42,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of General Mills in the third quarter worth about $44,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. Piper Sandler boosted their target price on General Mills from $74.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, September 19th. Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Friday. JPMorgan Chase & Co. lifted their price target on General Mills from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Finally, TD Cowen dropped their price target on General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.56.

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.