Senator Tina Smith (D-Minnesota) recently sold shares of General Mills, Inc. NYSE: GIS. In a filing disclosed on March 19th, the Senator disclosed that they had sold between $100,001 and $250,000 in General Mills stock on February 11th.
Senator Tina Smith also recently made the following trade(s):
- Sold $100,001 - $250,000 in shares of PepsiCo NASDAQ: PEP on 2/11/2025.
General Mills Price Performance
Shares of GIS traded down $0.43 during mid-day trading on Monday, hitting $58.21. 5,381,646 shares of the company traded hands, compared to its average volume of 4,115,895. The stock has a market capitalization of $32.08 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.94 and a beta of 0.06. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average of $60.00 and a 200 day moving average of $65.17. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90.
General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company's revenue was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.
General Mills Announces Dividend
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 4.12%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio is currently 52.75%.
Institutional Investors Weigh In On General Mills
Several large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of General Mills in the 3rd quarter valued at about $243,000. OneDigital Investment Advisors LLC grew its holdings in General Mills by 9.0% during the third quarter. OneDigital Investment Advisors LLC now owns 10,186 shares of the company's stock worth $752,000 after purchasing an additional 838 shares during the period. Natixis Advisors LLC boosted its stake in shares of General Mills by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 130,210 shares of the company's stock worth $9,616,000 after acquiring an additional 1,758 shares during the period. Claro Advisors LLC increased its holdings in shares of General Mills by 44.8% during the 3rd quarter. Claro Advisors LLC now owns 5,901 shares of the company's stock worth $436,000 after acquiring an additional 1,825 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in General Mills by 6.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 45,028 shares of the company's stock valued at $3,325,000 after acquiring an additional 2,907 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.
Insider Activity
In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on General Mills in a research report on Monday. They issued an "underweight" rating and a $53.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Bank of America reduced their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Citigroup lowered their target price on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $65.69.
View Our Latest Analysis on GIS
About Senator Smith
Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.
About General Mills
(
Get Free Report)
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.
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