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General Mills, Inc. (NYSE: GIS) insider Sean N. Walker sold 4,894 shares of the company in a trade on Wednesday, October 20. The stock was sold for an average price of $ 62.76, for a total value of $ 307,147.44. The sale was disclosed in a file with the SEC, which can be accessed via this hyperlink.
Actions of GIS traded up $ 0.43 during trading hours on Friday, reaching $ 62.92. 23,060 shares of the company were traded in the hands, compared to its average volume of 4,099,184. The company has a market capitalization of $ 38.11 billion, a price / earnings ratio of 16.53, a ratio of P / E / G of 2.06 and a beta of 0.57. The company has a debt to equity ratio of 1.00, a current ratio of 0.70, and a rapid ratio of 0.48. General Mills, Inc. has a twelve month low of $ 53.96 and a twelve month high of $ 64.65. The company’s fifty-day simple moving average is $ 59.58 and its two hundred-day simple moving average is $ 60.56.
General Mills (NYSE: GIS) last released its quarterly results on Tuesday, September 21. The company reported EPS of $ 0.99 for the quarter, beating analyst consensus estimates of $ 0.89 by $ 0.10. The company posted revenue of $ 4.54 billion for the quarter, compared to $ 4.30 billion according to analysts’ estimates. General Mills reported a return on equity of 25.61% and a net margin of 12.91%. The company’s quarterly revenue increased 4.0% compared to the same quarter last year. During the same period last year, the company made earnings per share of $ 1.00. On average, equity research analysts expect General Mills, Inc. to post EPS of 3.78 for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, November 1. Shareholders of record on Friday October 8 will receive a dividend of $ 0.51 per share. This represents a dividend of $ 2.04 on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, October 7. General Mills’ dividend payout ratio (DPR) is 53.83%.
GIS has been the subject of several research analyst reports. Morgan Stanley downgraded General Mills from ‘on par’ to ‘underweight’ rating and lowered its stock price target from $ 57.00 to $ 51.00 in research note Tuesday September 21. Jefferies Financial Group launched coverage on General Mills in a research note on Thursday, September 23. They set a “conservation†rating and a price target of $ 64.00 for the stock. Royal Bank of Canada raised its target price on General Mills from $ 65.00 to $ 66.00 and assigned the company a “sector performance†rating in a research note on Thursday, September 23. Citigroup downgraded General Mills from a “neutral†rating to a “buy†rating and raised its target price for the company from $ 63.00 to $ 70.00 in a research note on Thursday, September 30. Finally, Credit Suisse Group downgraded General Mills from an “outperforming” rating to a “neutral” rating and lowered its target price for the company from $ 68.00 to $ 63.00 in a research note on Monday the 13th. September. One research analyst rated the stock with a sell rating, four assigned a conservation rating, and two assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average “Hold†rating and a consensus target price of $ 61.57.
Institutional investors and hedge funds have recently changed their holdings in the company. Meridian Wealth Partners LLC acquired a new position in General Mills shares during the first quarter valued at $ 27,000. SRS Capital Advisors Inc. acquired a new position in General Mills shares during the second quarter valued at $ 33,000. Ancora Advisors LLC increased its stake in General Mills by 43.8% during the second quarter. Ancora Advisors LLC now owns 611 shares of the company valued at $ 37,000 after acquiring 186 additional shares during the period. Guidance Point Advisors LLC acquired a new position in General Mills during the third quarter valued at approximately $ 37,000. Finally, Pflug Koory LLC acquired a new position in General Mills during the second quarter valued at approximately $ 42,000. 75.07% of the shares are currently held by institutional investors.
About General Mills
General Mills, Inc. is engaged in the manufacturing and marketing of branded consumer foods sold in retail stores. It operates through the following segments: North America, Retail, Europe and Australia, Convenience Stores and Food Service, Pets, and Asia and Latin America. The North American retail industry includes grocery stores, big box stores, member stores, health food chains, drug chains, dollar and discount chains, and grocery suppliers in line.
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