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 General Mills stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the transaction, the insider now owns 128,664 shares of the company’s stock, valued at $9,571,314.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

General Mills Stock Down 1.8 %

NYSE:GIS opened at $73.30 on Thursday. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $75.90. The company has a market cap of $40.91 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The stock has a fifty day simple moving average of $71.45 and a 200-day simple moving average of $69.01. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, October 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.27%. General Mills’s payout ratio is currently 55.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Bank of America boosted their price objective on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Barclays lifted their target price on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Evercore ISI cut their target price on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. Finally, The Goldman Sachs Group initiated coverage on shares of General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $72.73.

Institutional Trading of General Mills

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