Ricardo Fernandez Sells 7,995 Shares of General Mills (NYSE:GIS) Stock

General Mills, Inc. (NYSE:GIS) insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. The trade was a 11.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

General Mills Stock Performance

NYSE:GIS opened at $32.98 on Friday. 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 has a market capitalization of $17.60 billion, a P/E ratio of 8.06 and a beta of -0.02. The company has a 50 day moving average price of $36.66 and a 200 day moving average price of $42.90. General Mills, Inc. has a fifty-two week low of $32.91 and a fifty-two week high of $55.35.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. Equities research analysts forecast that General Mills, Inc. will post 3.43 EPS for the current year.

Institutional Investors Weigh In On General Mills

Hedge funds have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC acquired a new stake in General Mills during the 3rd quarter worth approximately $25,000. Reflection Asset Management acquired a new stake in shares of General Mills in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of General Mills in the 4th quarter valued at $26,000. Brown Shipley& Co Ltd acquired a new stake in shares of General Mills in the 1st quarter valued at $26,000. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIS has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday, February 18th. TD Cowen lowered their price objective 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. Zacks Research lowered shares of General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Evercore set a $45.00 target price on shares of General Mills in a report on Wednesday, February 18th. Finally, Bank of America lowered shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.