General Mills, Inc. (NYSE:GIS) insider Bethany C. Quam sold 14,455 shares of General Mills stock in a transaction on Monday, January 10th. The shares were sold at an average price of $69.02, for a total value of $997,684.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE GIS opened at $69.90 on Friday. The stock has a market capitalization of $42.16 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.41 and a beta of 0.54. The stock’s 50 day moving average price is $65.36 and its two-hundred day moving average price is $61.81. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.85. General Mills, Inc. has a 52 week low of $54.31 and a 52 week high of $69.95.
General Mills (NYSE:GIS) last released its earnings results on Tuesday, December 21st. The company reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.06). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.86 billion. General Mills had a net margin of 12.02% and a return on equity of 23.58%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. On average, equities research analysts forecast that General Mills, Inc. will post 3.78 EPS for the current year.
Several equities analysts have recently weighed in on GIS shares. Royal Bank of Canada lifted their price objective on General Mills from $65.00 to $66.00 and gave the company a “sector perform” rating in a report on Thursday, September 23rd. Evercore ISI reiterated a “hold” rating and set a $65.00 price objective on shares of General Mills in a report on Thursday, December 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on General Mills from $71.00 to $72.00 and gave the company a “buy” rating in a report on Monday, December 13th. Credit Suisse Group lifted their price objective on General Mills from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, December 22nd. Finally, Zacks Investment Research cut General Mills from a “buy” rating to a “hold” rating and set a $67.00 price objective on the stock. in a report on Friday, November 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.80.
Several large investors have recently bought and sold shares of GIS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of General Mills by 12.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 113,159 shares of the company’s stock worth $6,895,000 after acquiring an additional 12,954 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of General Mills during the 2nd quarter worth approximately $949,000. Rockefeller Capital Management L.P. increased its holdings in shares of General Mills by 34.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 84,628 shares of the company’s stock worth $5,156,000 after acquiring an additional 21,520 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of General Mills by 3.1% during the 2nd quarter. Aigen Investment Management LP now owns 7,068 shares of the company’s stock worth $431,000 after acquiring an additional 215 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of General Mills by 18.1% during the 2nd quarter. Empirical Finance LLC now owns 7,179 shares of the company’s stock worth $437,000 after acquiring an additional 1,099 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.
General Mills Company Profile
General Mills, Inc engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers.
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