General Mills, Inc. (NYSE:GIS) was the target of some unusual options trading on Tuesday. Investors bought 35,983 call options on the stock. This represents an increase of 1,228% compared to the average volume of 2,709 call options.
Shares of General Mills stock opened at $47.24 on Wednesday. General Mills has a 1 year low of $36.42 and a 1 year high of $50.53. The firm has a market cap of $28.42 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.77. The company has a quick ratio of 0.36, a current ratio of 0.58 and a debt-to-equity ratio of 1.75.
General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 19th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. General Mills had a return on equity of 29.44% and a net margin of 12.48%. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the firm posted $0.82 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Equities analysts expect that General Mills will post 3.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 63.02%.
In other General Mills news, CFO Donal L. Mulligan sold 120,722 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the transaction, the chief financial officer now directly owns 252,326 shares in the company, valued at approximately $11,985,485. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director R Kerry Clark sold 7,849 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $44.26, for a total value of $347,396.74. Following the transaction, the director now owns 30,215 shares in the company, valued at $1,337,315.90. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
Several institutional investors have recently made changes to their positions in GIS. BCJ Capital Management LLC bought a new position in shares of General Mills during the 4th quarter worth $597,000. American Century Companies Inc. grew its stake in shares of General Mills by 21.4% during the 4th quarter. American Century Companies Inc. now owns 2,715,087 shares of the company’s stock worth $105,725,000 after acquiring an additional 477,759 shares during the period. Sowell Financial Services LLC grew its stake in shares of General Mills by 2.8% during the 4th quarter. Sowell Financial Services LLC now owns 91,631 shares of the company’s stock worth $3,568,000 after acquiring an additional 2,483 shares during the period. Norges Bank bought a new position in shares of General Mills during the 4th quarter worth $208,406,000. Finally, Actinver Wealth Management Inc. bought a new position in shares of General Mills during the 4th quarter worth $991,000. 68.19% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. TheStreet upgraded General Mills from a “c+” rating to a “b-” rating in a report on Friday, March 15th. ValuEngine upgraded General Mills from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Wells Fargo & Co set a $46.00 price target on General Mills and gave the stock a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research cut General Mills from a “buy” rating to a “hold” rating in a report on Monday, December 10th. Finally, Morgan Stanley set a $41.00 price target on General Mills and gave the stock a “hold” rating in a report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $47.61.
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General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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