General Mills SVP Kimberly A. Nelson Sells 52,201 Shares (GIS)
General Mills (NYSE:GIS) SVP Kimberly A. Nelson sold 52,201 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $51.21, for a total transaction of $2,673,213.21. Following the completion of the transaction, the senior vice president now directly owns 103,651 shares in the company, valued at approximately $5,307,968. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on GIS. Analysts at Argus downgraded shares of General Mills from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. They now have a $28.00 price target on the stock, down previously from $30.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Mills in a research note on Thursday, March 20th. They now have a $53.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of General Mills in a research note on Friday, March 14th. They now have a $55.00 price target on the stock, down previously from $56.00. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. General Mills has a consensus rating of “Hold” and a consensus price target of $49.00.
Shares of General Mills (NYSE:GIS) traded up 0.29% during mid-day trading on Friday, hitting $51.15. The stock had a trading volume of 4,236,435 shares. General Mills has a 52 week low of $46.18 and a 52 week high of $53.07. The stock’s 50-day moving average is $50.81 and its 200-day moving average is $49.72. The company has a market cap of $31.431 billion and a price-to-earnings ratio of 18.70.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.03. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company posted $0.64 earnings per share. General Mills’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that General Mills will post $2.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from General Mills’s previous quarterly dividend of $0.38.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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