General Mills, Inc. (NYSE:GIS) CAO Sells $576,156.24 in Stock

General Mills, Inc. (NYSE:GIS) CAO Mark A. Pallot sold 8,083 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at approximately $1,055,870.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

General Mills Trading Down 0.5 %

NYSE:GIS opened at $70.67 on Friday. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. The firm has a 50-day moving average price of $72.34 and a two-hundred day moving average price of $69.22. 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 firm has a market cap of $39.44 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 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 company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the business posted $1.09 earnings per share. General Mills’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Thursday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

Institutional Trading of General Mills

Large investors have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC grew its position in shares of General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after acquiring an additional 173 shares during the period. Aaron Wealth Advisors LLC lifted its stake in General Mills by 2.9% in the third quarter. Aaron Wealth Advisors LLC now owns 16,133 shares of the company’s stock valued at $1,191,000 after purchasing an additional 450 shares during the last quarter. Claro Advisors LLC grew its holdings in General Mills by 17.6% during the third quarter. Claro Advisors LLC now owns 4,795 shares of the company’s stock valued at $354,000 after purchasing an additional 719 shares during the period. V Square Quantitative Management LLC increased its position in General Mills by 4.8% in the third quarter. V Square Quantitative Management LLC now owns 12,721 shares of the company’s stock worth $939,000 after buying an additional 586 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of General Mills by 0.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,313 shares of the company’s stock valued at $5,931,000 after buying an additional 502 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. The Goldman Sachs Group initiated coverage on General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, September 19th. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. Finally, Mizuho cut their price objective on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.00.

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.