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 General Mills stock in a transaction on 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 directly 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 this hyperlink.

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 Stock Up 1.9 %

General Mills stock opened at $69.66 on Thursday. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The stock has a market cap of $39.56 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 2.42 and a beta of 0.15. The firm’s 50-day simple moving average is $65.01 and its 200 day simple moving average is $64.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

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

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders 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 54.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC boosted its stake in General Mills by 1.9% in the third quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock valued at $722,000 after acquiring an additional 213 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of General Mills in the fourth quarter valued at approximately $28,000. Adviser Investments LLC bought a new stake in shares of General Mills in the third quarter valued at approximately $323,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of General Mills by 5.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 342,794 shares of the company’s stock valued at $21,935,000 after purchasing an additional 19,209 shares during the period. Finally, Dark Forest Capital Management LP raised its position in shares of General Mills by 60.4% in the third quarter. Dark Forest Capital Management LP now owns 12,261 shares of the company’s stock valued at $785,000 after purchasing an additional 4,616 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Mizuho lifted their price target on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Morgan Stanley lifted their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research note on Thursday, March 21st. Citigroup assumed coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target for the company. Finally, Piper Sandler decreased their price target on shares of General Mills from $77.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price 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.