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

by · The Markets Daily

General Mills, Inc. (NYSE:GIS – Get Free Report) insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the sale, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

General Mills Trading Down 1.5%

Shares of NYSE:GIS traded down $0.72 during midday trading on Tuesday, hitting $46.68. The company had a trading volume of 3,728,308 shares, compared to its average volume of 5,840,285. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a 12 month low of $45.15 and a 12 month high of $67.35. The firm has a fifty day simple moving average of $47.20 and a 200 day simple moving average of $49.45. The stock has a market cap of $24.91 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.89 and a beta of -0.07.

General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed 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 dividend payout ratio (DPR) is presently 52.47%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC bought a new stake in General Mills during the third quarter worth about $25,000. Garde Capital Inc. increased its position in shares of General Mills by 101.5% during the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after purchasing an additional 264 shares during the last quarter. Close Asset Management Ltd bought a new stake in shares of General Mills during the 3rd quarter worth approximately $28,000. Davis Capital Management bought a new position in shares of General Mills in the third quarter valued at $29,000. Finally, GKV Capital Management Co. Inc. acquired a new position in General Mills during the first quarter worth $34,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group cut their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Evercore ISI reiterated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Morgan Stanley set a $47.00 target price on General Mills and gave the company an “underweight” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 price target on shares of General Mills in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.44.

Check Out Our Latest Analysis on General Mills

About General Mills

(Get Free Report)

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.

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