General Mills Director Sells $550,000 in Stock (GIS)
General Mills (NYSE:GIS) Director Paul Danos unloaded 10,000 shares of General Mills stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the director now directly owns 18,849 shares of the company’s stock, valued at approximately $1,036,695. The sale was disclosed in a filing with the SEC, which is available at this link.
GIS has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of General Mills in a research note on Monday. They now have a $59.00 price target on the stock, up previously from $56.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Mills in a research note on Friday, April 25th. They now have a $55.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. General Mills has an average rating of “Hold” and a consensus target price of $49.56.
General Mills (NYSE:GIS) traded up 0.76% on Wednesday, hitting $55.4673. The stock had a trading volume of 1,461,419 shares. General Mills has a 1-year low of $46.70 and a 1-year high of $55.07. The stock’s 50-day moving average is $53.39 and its 200-day moving average is $50.76. The company has a market cap of $34.084 billion and a P/E ratio of 20.19.
General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that General Mills will post $2.87 EPS for the current fiscal year.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.