General Mills, Inc. (NYSE:GIS) Insider Jonathon Nudi Sells 9,647 Shares

General Mills, Inc. (NYSE:GIS) insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

General Mills Stock Performance

General Mills stock opened at $74.62 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $41.65 billion, a P/E ratio of 17.31, a PEG ratio of 3.82 and a beta of 0.10. The stock’s 50 day moving average is $71.30 and its 200 day moving average is $68.98. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 company’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.22%. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

Wall Street Analyst Weigh In

A number of research firms have commented on GIS. Wells Fargo & Company upped their price target on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Mizuho lowered their price target on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Stifel Nicolaus upped their price target on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, September 19th. Finally, Argus reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.73.

Hedge Funds Weigh In On General Mills

A number of institutional investors and hedge funds have recently modified their holdings of GIS. Aveo Capital Partners LLC purchased a new position in shares of General Mills in the 4th quarter worth $213,000. TFO Wealth Partners LLC lifted its position in General Mills by 22,610.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,271 shares of the company’s stock valued at $148,000 after purchasing an additional 2,261 shares in the last quarter. Scotia Capital Inc. lifted its position in General Mills by 29.1% during the fourth quarter. Scotia Capital Inc. now owns 8,372 shares of the company’s stock valued at $545,000 after purchasing an additional 1,886 shares in the last quarter. California State Teachers Retirement System lifted its position in General Mills by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 948,783 shares of the company’s stock valued at $61,804,000 after purchasing an additional 4,201 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its position in General Mills by 37.8% during the fourth quarter. NEOS Investment Management LLC now owns 8,219 shares of the company’s stock valued at $535,000 after purchasing an additional 2,253 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

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.