General Mills (NYSE:GIS) Insider Paul Joseph Gallagher Sells 1,500 Shares

General Mills, Inc. (NYSE:GIS) insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

General Mills Stock Performance

General Mills stock opened at $46.62 on Wednesday. The firm has a market capitalization of $24.87 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.88 and a beta of -0.07. General Mills, Inc. has a one year low of $45.15 and a one year high of $67.35. The stock’s 50 day moving average price is $47.16 and its 200 day moving average price is $49.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company earned $1.40 earnings per share. General Mills’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.2%. General Mills’s payout ratio is 52.47%.

Hedge Funds Weigh In On General Mills

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of General Mills during the second quarter valued at approximately $417,508,000. Worldquant Millennium Advisors LLC purchased a new position in General Mills during the 2nd quarter worth approximately $84,862,000. Two Sigma Investments LP raised its stake in General Mills by 82.8% during the 3rd quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock valued at $172,226,000 after purchasing an additional 1,546,993 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of General Mills by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock valued at $384,625,000 after purchasing an additional 1,383,913 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of General Mills by 15.9% in the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after buying an additional 1,368,041 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $51.00 price objective on shares of General Mills in a research note on Thursday, December 18th. HSBC dropped their price objective on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Stifel Nicolaus reduced their target price on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.44.

About General Mills

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.