General Mills (NYSE:GIS) Insider Sells $342,700.00 in Stock

General Mills, Inc. (NYSE:GIS) insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

General Mills Trading Down 1.3%

General Mills stock traded down $0.45 during midday trading on Thursday, reaching $33.17. The stock had a trading volume of 5,337,066 shares, compared to its average volume of 8,919,902. The stock’s 50-day simple moving average is $37.10 and its 200 day simple moving average is $43.07. General Mills, Inc. has a twelve month low of $33.16 and a twelve month high of $55.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The stock has a market capitalization of $17.70 billion, a PE ratio of 8.12 and a beta of -0.02.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Analysts expect that General Mills, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GIS shares. Morgan Stanley dropped their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price objective on General Mills from $42.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, March 19th. Royal Bank Of Canada lowered their target price on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft decreased their price target on General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, TD Cowen reduced their target price on shares of General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Reduce” and a consensus price target of $42.61.

Institutional Trading of General Mills

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LBP AM SA purchased a new position in General Mills in the 4th quarter worth about $2,639,000. Oak Thistle LLC purchased a new stake in General Mills during the fourth quarter valued at about $1,320,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of General Mills by 1,824.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock worth $41,628,000 after buying an additional 848,712 shares during the period. Korea Investment CORP increased its position in shares of General Mills by 161.9% in the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after acquiring an additional 205,981 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of General Mills by 7.7% during the third quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock valued at $17,445,000 after acquiring an additional 24,688 shares during the period. Institutional investors own 75.71% of the company’s stock.

About General Mills

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.