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

General Mills, Inc. (NYSE:GIS) insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now directly owns 128,664 shares in the company, valued at $9,571,314.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

General Mills Trading Down 1.8 %

NYSE:GIS opened at $73.30 on Thursday. The company has a market cap of $40.91 billion, a P/E ratio of 17.01, a P/E/G ratio of 3.82 and a beta of 0.10. The stock’s fifty day moving average price is $71.45 and its two-hundred day moving average price is $69.01. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. General Mills’s payout ratio is 55.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC grew its stake in shares of General Mills by 199.3% in the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of General Mills by 409.8% in the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 336 shares during the last quarter. Fortis Group Advisors LLC grew its stake in shares of General Mills by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. RFP Financial Group LLC grew its stake in shares of General Mills by 66.3% in the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co grew its stake in shares of General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GIS shares. Mizuho decreased their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Stifel Nicolaus boosted their price objective on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Evercore ISI decreased their price objective on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a report on Friday, June 28th. Barclays boosted their price objective on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Finally, Argus reissued a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and an average price target of $72.73.

General Mills Company Profile

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.