General Mills (NYSE:GIS) Insider Jacqueline Williams-Roll Sells 10,000 Shares

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

General Mills Price Performance

General Mills stock traded down $0.45 during midday trading on Thursday, reaching $33.17. The company’s stock had a trading volume of 5,337,066 shares, compared to its average volume of 8,919,902. General Mills, Inc. has a fifty-two week low of $33.16 and a fifty-two week 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’s 50 day simple moving average is $37.10 and its 200 day simple moving average is $43.07. The firm 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business earned $1.12 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 3.44 earnings per share for the current year.

Institutional Trading of General Mills

Several hedge funds and other institutional investors have recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills in the third quarter valued at $25,000. Reflection Asset Management purchased a new stake in General Mills in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills in the 4th quarter valued at about $26,000. Brown Shipley& Co Ltd acquired a new position in shares of General Mills during the 1st quarter valued at about $26,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company lowered General Mills from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $35.00 to $33.00 in a report on Wednesday, April 8th. TD Cowen cut their target price on shares of General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. Barclays lowered their price target on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday. Morgan Stanley reduced their target price on General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. cut their price target on General Mills from $42.00 to $36.00 and set an “underweight” rating for the company in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $42.61.

General Mills Company Profile

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.