General Mills, Inc. (NYSE:GIS) Insider Werner Lanette Shaffer Sells 710 Shares

General Mills, Inc. (NYSE:GIS) insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

General Mills Price Performance

Shares of NYSE GIS traded up $1.11 during midday trading on Thursday, hitting $70.94. 745,697 shares of the company’s stock were exchanged, compared to its average volume of 4,064,940. The business’s fifty day moving average price is $69.06 and its two-hundred day moving average price is $66.20. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.44 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.39.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and set a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. Barclays raised their target price on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Wells Fargo & Company increased their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, Morgan Stanley upped their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $72.06.

Hedge Funds Weigh In On General Mills

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in General Mills by 16.3% during the first quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock valued at $4,219,113,000 after acquiring an additional 8,444,312 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of General Mills by 22.3% during the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after purchasing an additional 2,488,341 shares during the last quarter. Morgan Stanley raised its position in General Mills by 0.3% in the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock worth $527,423,000 after purchasing an additional 23,400 shares during the period. Northern Trust Corp boosted its position in General Mills by 5.0% during the third quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after buying an additional 379,702 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of General Mills by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock valued at $468,346,000 after buying an additional 44,933 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.