General Mills, Inc. (GIS) Director Robert L. Ryan Sells 20,000 Shares
General Mills, Inc. (NYSE:GIS) Director Robert L. Ryan sold 20,000 shares of General Mills stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $60.83, for a total value of $1,216,600.00. Following the completion of the transaction, the director now owns 54,676 shares of the company’s stock, valued at $3,325,941.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of General Mills, Inc. (NYSE:GIS) opened at 61.08 on Friday. The company has a market cap of $35.43 billion, a price-to-earnings ratio of 22.81 and a beta of 0.54. The firm’s 50-day moving average price is $62.03 and its 200 day moving average price is $65.56. General Mills, Inc. has a 52 week low of $53.53 and a 52 week high of $72.95.
General Mills (NYSE:GIS) last posted its quarterly earnings data on Tuesday, December 20th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by $0.01. The company earned $4.10 billion during the quarter, compared to analysts’ expectations of $4.23 billion. General Mills had a return on equity of 35.10% and a net margin of 10.23%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. On average, equities research analysts forecast that General Mills, Inc. will post $3.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. General Mills’s dividend payout ratio (DPR) is 71.64%.
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Several research firms recently issued reports on GIS. BMO Capital Markets reissued a “hold” rating and set a $74.00 price objective on shares of General Mills in a research note on Thursday, September 22nd. Credit Suisse Group reissued a “hold” rating and set a $68.00 price objective on shares of General Mills in a research note on Thursday, September 22nd. Consumer Edge lowered General Mills from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 20th. set a $65.00 price objective on General Mills and gave the company a “sell” rating in a research note on Thursday, September 22nd. Finally, Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $67.00.
Several large investors have recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in General Mills during the second quarter valued at approximately $107,000. Penserra Capital Management LLC raised its stake in General Mills by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,728 shares of the company’s stock valued at $110,000 after buying an additional 864 shares during the period. Lenox Wealth Advisors Inc. raised its stake in General Mills by 0.7% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,790 shares of the company’s stock valued at $114,000 after buying an additional 12 shares during the period. Hanson & Doremus Investment Management raised its stake in General Mills by 5.7% in the second quarter. Hanson & Doremus Investment Management now owns 1,866 shares of the company’s stock valued at $133,000 after buying an additional 100 shares during the period. Finally, Advisory Services Network LLC raised its stake in General Mills by 229.4% in the second quarter. Advisory Services Network LLC now owns 1,937 shares of the company’s stock valued at $138,000 after buying an additional 1,349 shares during the period. Hedge funds and other institutional investors own 69.24% of the company’s stock.
General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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