General Mills Director Unloads $156,180 in Stock (GIS)
General Mills (NYSE:GIS) Director Paul Danos unloaded 3,000 shares of General Mills stock on the open market in a transaction dated Thursday, June 26th. The stock was sold at an average price of $52.06, for a total transaction of $156,180.00. Following the sale, the director now directly owns 15,849 shares of the company’s stock, valued at approximately $825,099. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of General Mills (NYSE:GIS) traded up 0.27% on Friday, hitting $52.17. The stock had a trading volume of 1,168,237 shares. General Mills has a 52-week low of $46.70 and a 52-week high of $55.64. The stock has a 50-day moving average of $54.31 and a 200-day moving average of $51.24. The company has a market cap of $32.058 billion and a P/E ratio of 19.08.
General Mills (NYSE:GIS) last released its earnings data on Wednesday, June 25th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.72 by $0.05. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company posted $0.53 earnings per share. General Mills’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that General Mills will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Tuesday, July 8th.
A number of research firms have recently commented on GIS. Analysts at Credit Suisse reiterated a “neutral” rating on shares of General Mills in a research note on Thursday. They now have a $53.00 price target on the stock, up previously from $51.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of General Mills in a research note on Thursday. They now have a $57.00 price target on the stock, down previously from $59.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of General Mills from $55.00 to $57.00 in a research note on Thursday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.09.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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