General Mills, Inc. (NYSE:GIS) declared a quarterly dividend on Monday, November 18th, RTT News reports. Stockholders of record on Friday, January 10th will be given a dividend of 0.49 per share on Monday, February 3rd. This represents a $1.96 annualized dividend and a dividend yield of 3.70%.
Shares of NYSE GIS traded up $0.13 during trading on Tuesday, hitting $53.02. The company had a trading volume of 130,729 shares, compared to its average volume of 2,905,806. The stock has a 50 day simple moving average of $52.61 and a 200 day simple moving average of $53.00. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.37 and a current ratio of 0.62. General Mills has a 12 month low of $36.42 and a 12 month high of $56.40. The firm has a market capitalization of $31.77 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.23 and a beta of 0.71.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 27.38% and a net margin of 11.21%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, analysts predict that General Mills will post 3.36 EPS for the current year.
In related news, insider Jonathon Nudi sold 18,951 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $54.52, for a total transaction of $1,033,208.52. Following the completion of the transaction, the insider now owns 81,656 shares in the company, valued at approximately $4,451,885.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kofi A. Bruce sold 15,582 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $54.33, for a total value of $846,570.06. Following the transaction, the insider now owns 35,487 shares of the company’s stock, valued at approximately $1,928,008.71. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.
General Mills Company Profile
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, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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