General Mills (NYSE:GIS) Insider Sells $342,700.00 in Stock

General Mills, Inc. (NYSE:GIS) insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

General Mills Stock Performance

Shares of General Mills stock opened at $32.98 on Friday. The stock’s fifty day simple moving average is $36.66 and its 200 day simple moving average is $42.90. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $17.60 billion, a PE ratio of 8.06 and a beta of -0.02. General Mills, Inc. has a 12 month low of $32.91 and a 12 month high of $55.35.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, research analysts predict that General Mills, Inc. will post 3.43 EPS for the current year.

Hedge Funds Weigh In On General Mills

A number of large investors have recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills during the 3rd quarter worth approximately $25,000. Reflection Asset Management acquired a new position in General Mills during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in General Mills during the 4th quarter worth approximately $26,000. Brown Shipley& Co Ltd acquired a new position in General Mills during the 1st quarter worth approximately $26,000. Finally, Bruce G. Allen Investments LLC boosted its position in General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of several research analyst reports. Evercore set a $45.00 price objective on General Mills in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, March 30th. The Goldman Sachs Group decreased their price objective on General Mills from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Zacks Research lowered General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, TD Cowen decreased their price objective on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, General Mills has an average rating of “Reduce” and an average price target of $42.61.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.