General Mills, Inc. (NYSE:GIS) Insider Shawn P. Ogrady Sells 43,565 Shares

General Mills, Inc. (NYSE:GISGet Rating) insider Shawn P. Ogrady sold 43,565 shares of the firm’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $71.90, for a total transaction of $3,132,323.50. Following the completion of the transaction, the insider now directly owns 87,554 shares in the company, valued at $6,295,132.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NYSE GIS opened at $72.50 on Friday. The company’s 50 day moving average is $67.32 and its 200-day moving average is $65.95. General Mills, Inc. has a 12-month low of $56.67 and a 12-month high of $73.80. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.09. The firm has a market cap of $43.66 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.47 and a beta of 0.52.

General Mills (NYSE:GISGet Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. General Mills had a net margin of 12.36% and a return on equity of 23.10%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts expect that General Mills, Inc. will post 3.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 8th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, April 7th. General Mills’s dividend payout ratio (DPR) is currently 54.40%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in General Mills during the 3rd quarter worth approximately $27,000. NuWave Investment Management LLC purchased a new position in General Mills in the 4th quarter worth approximately $28,000. Herold Advisors Inc. purchased a new position in General Mills in the 3rd quarter worth approximately $29,000. Ellis Investment Partners LLC grew its stake in General Mills by 81.7% in the 4th quarter. Ellis Investment Partners LLC now owns 447 shares of the company’s stock worth $30,000 after buying an additional 201 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in General Mills in the 4th quarter worth approximately $30,000. 73.72% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on GIS shares. StockNews.com raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Thursday, March 24th. Morgan Stanley raised their price target on shares of General Mills from $51.00 to $56.00 in a research report on Tuesday, January 11th. JPMorgan Chase & Co. dropped their price target on shares of General Mills from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 22nd. Piper Sandler raised their price target on shares of General Mills from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, March 24th. Finally, UBS Group initiated coverage on shares of General Mills in a research report on Wednesday, March 30th. They set a “neutral” rating and a $69.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $67.09.

About General Mills (Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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