Investors Buy Shares of General Mills (GIS) on Weakness Following Insider Selling

Investors bought shares of General Mills, Inc. (NYSE:GIS) on weakness during trading hours on Thursday following insider selling activity. $38.68 million flowed into the stock on the tick-up and $25.54 million flowed out of the stock on the tick-down, for a money net flow of $13.14 million into the stock. Of all stocks tracked, General Mills had the 29th highest net in-flow for the day. General Mills traded down ($0.54) for the day and closed at $58.09Specifically, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now directly owns 36,089 shares in the company, valued at $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

A number of analysts have commented on GIS shares. Zacks Investment Research upgraded General Mills from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Friday, September 15th. Citigroup reiterated a “buy” rating and set a $67.00 target price on shares of General Mills in a research report on Thursday, September 21st. Wells Fargo & Co set a $65.00 target price on General Mills and gave the stock a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley reiterated an “equal weight” rating and set a $52.00 target price (down from $55.00) on shares of General Mills in a research report on Thursday, September 21st. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $58.00 target price on shares of General Mills in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. General Mills has an average rating of “Hold” and an average price target of $58.17.

The company has a market cap of $33,060.00, a P/E ratio of 21.28, a P/E/G ratio of 2.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. equities research analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 annualized dividend and a yield of 3.37%. General Mills’s payout ratio is currently 71.79%.

Institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its stake in General Mills by 21.8% in the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after purchasing an additional 9,952 shares during the last quarter. LVW Advisors LLC purchased a new stake in General Mills during the second quarter valued at about $2,515,000. Captrust Financial Advisors purchased a new stake in General Mills during the second quarter valued at about $693,000. AXA grew its position in General Mills by 8.5% during the second quarter. AXA now owns 1,030,200 shares of the company’s stock valued at $57,073,000 after acquiring an additional 81,000 shares during the period. Finally, 1st Global Advisors Inc. purchased a new stake in General Mills during the second quarter valued at about $2,600,000. Hedge funds and other institutional investors own 72.59% of the company’s stock.

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General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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