Jonathon Nudi Sells 10,000 Shares of General Mills, Inc. (NYSE:GIS) Stock

General Mills, Inc. (NYSE:GIS) insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathon Nudi also recently made the following trade(s):

• On Monday, January 29th, Jonathon Nudi sold 7,671 shares of General Mills stock. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65.

General Mills Trading Up 1.9 %

Shares of NYSE GIS opened at $69.66 on Thursday. The company’s fifty day moving average is $65.01 and its 200-day moving average is $64.79. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.42 and a beta of 0.15. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Equities research analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s payout ratio is presently 54.13%.

Hedge Funds Weigh In On General Mills

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FWL Investment Management LLC acquired a new position in General Mills in the 4th quarter worth $25,000. Almanack Investment Partners LLC. acquired a new position in shares of General Mills during the 3rd quarter worth about $28,000. Intrepid Capital Management Inc. acquired a new position in shares of General Mills during the 2nd quarter worth about $28,000. Operose Advisors LLC boosted its stake in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of General Mills during the 4th quarter worth about $27,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. HSBC lifted their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted their target price on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Bank of America lifted their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Barclays lifted their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus raised their price target on shares of General Mills from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.