General Mills, Inc. (NYSE:GIS) Director Sells $63,660.00 in Stock

General Mills, Inc. (NYSE:GIS) Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

General Mills Trading Up 1.6 %

Shares of GIS opened at $63.80 on Thursday. The firm has a market capitalization of $35.42 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 3.25 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90. The company has a 50-day moving average of $70.00 and a 200 day moving average of $68.70.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the business posted $1.09 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bard Financial Services Inc. lifted its holdings in shares of General Mills by 0.6% in the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company’s stock valued at $8,011,000 after buying an additional 700 shares during the period. Toronto Dominion Bank grew its stake in General Mills by 7.0% during the 3rd quarter. Toronto Dominion Bank now owns 296,453 shares of the company’s stock valued at $21,893,000 after acquiring an additional 19,510 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in General Mills in the 3rd quarter valued at about $1,442,000. Coldstream Capital Management Inc. grew its position in shares of General Mills by 10.0% in the third quarter. Coldstream Capital Management Inc. now owns 12,489 shares of the company’s stock valued at $906,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Brophy Wealth Management LLC acquired a new position in General Mills during the third quarter worth $442,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GIS shares. The Goldman Sachs Group began coverage on shares of General Mills in a report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Stifel Nicolaus raised their price objective on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Piper Sandler lifted their price objective on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $72.67.

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.