“General Mills presented their most recent quarterly results report on Wednesday after it was released to the public (NYSE: GIS-Get Rating). According to RTT News, the business’s earnings per share for the quarter came in at $1.11, which was $0.11 better than the estimates made by analysts, who had predicted that the company would earn $1.00 per share. However, the actual revenues for the company came in at $4.72 billion, which is in line with the expectations made by industry analysts for the company’s revenue for the quarter. The estimates were made for the company’s revenue for the first three months of the year. The return on equity for General Mills came in at 23.74%, while the company’s net margin was 14.25%, both of which are indicators of excellent performance.
The rise in revenue for the quarter was 3.9% more than what it had been during the same quarter of the prior year. During the same time period as the previous year, the company reported a net income of $0.99 per share. In addition, the business has recently made an announcement regarding a dividend, which was paid out on the 7th of July and then disbursed the next day. On Friday, July 8th, shareholders of record received dividend payments with a combined value of $0.54. These payments were made in accordance with the company’s dividend policy. Thursday, July 7 was the last day that dividends were distributed before they were discontinued. The dividend payout ratio (DPR) for General Mills is now at a level of 48.87%. On Wednesday, the NYSE Global Infrastructure Index opened at a price of $75.41. The price-to-earnings ratio for the company is 17.06, the price-to-growth ratio for the stock is 2.53, and the stock has a beta value of 0.33.
The stock is currently valued at $44.92 billion on the market. The share price is presently trading at $75.92, which is higher than its 50-day simple moving average of $71.63 and its 200-day simple moving average of $71.63. The debt-to-equity ratio is 0.85, the current ratio is 0.63, and the quick ratio is 0.40. All of these numbers are relative to one another. These numbers can all be understood in relation to one another. General Mills’ stock price has ranged between $57.47 and $78.54 over the last 52 weeks, with a low of $57.47 and a high of $78.54. A large number of analysts have contributed their thoughts on GIS stock in the form of reports. In a research report that was published on Thursday, June 30th, Deutsche Bank Aktiengesellschaft gave the company a “buy” rating and increased their price objective on General Mills from $75.00 to $81.00 in a research report that was A “buy” recommendation was also included in the report for the company.
According to a research report that was published on Thursday, June 30th, by BMO Capital Markets, the company has a “market perform” rating on General Mills and has raised their price objective on the company from $60.00 to $80.00. Morgan Stanley raised their price objective on General Mills from $56.00 to $66.00 in a research note that was published on Friday, July 1st, and rated the stock as “underweight.” The Royal Bank of Canada identified General Mills as a “sector performer” in research that was released on Friday, July 1st, and boosted their target price for the company’s shares from $60.00 to $68.00 as a result. In a research report that was published on Thursday, June 30th, Piper Sandler raised their price target on General Mills stock from $75 to $80.00 and changed their rating on the company from “overweight” to “neutral” in a research report. The stock has been given a recommendation to sell by one of the equity research experts, a recommendation to keep it by seven of the analysts, and a recommendation to buy by four of the equity research analysts.
According to MarketBeat.com, the consensus view about the company is “Hold,” and market watchers forecast that the share price will rise to an average of $73.64 in the not-too-distant future. Additionally, on June 30th, the Chief Administrative Officer of General Mills, Mark A. Pallot, sold 2,255 shares of the company’s stock. The transaction involved the sale of the shares at an average price of $74.66 per share, which resulted in a total sale volume of $168,358.30. Because of the transaction, the chief accounting officer now has ownership of 17,087 firm shares, and the combined value of those shares is approximately $1,275,715.42 dollars. If you follow the link that was provided in the preceding sentence, you will be able to access the report that was presented to the Securities and Exchange Commission regarding the transaction. A General Mills insider by the name of Dana M. Mcnabb sold 10,993 shares of the company’s stock on July 6th, in addition to the previously mentioned transaction. In the market, a total of 837,226.88 dollars’ worth of shares were traded at an average price of $76.16 per share.
Following the successful completion of the sale, the insider now directly owns 14,884 shares of the firm. The total market value of these shares is approximately $1,133,565.44 dollars. You will be taken to a document that was submitted to the SEC if you click on the link that we have provided for you, where you will find additional information regarding the sale. In addition, on June 30th, Chief Administrative Officer Mark A. Pallot sold 2,255 shares of the company’s stock. The transaction involved the sale of the shares at an average price of $74.66 per share, which resulted in a total sale volume of $168,358.30. Because of the transaction, the chief accounting officer now owns 17,087 business shares, which have a combined worth of approximately $1,275,715. 42 You can discover the disclosure that is relevant to the sale in this particular spot. In the last three months, the insiders of the company sold 58,422 shares of the company’s stock for a total of $4,397,556. This meant that they owned 0.67% less of the company.
Significant investors have been active in the market recently, buying and selling the company’s stock. 1832 Asset Management L.P. made an investment in General Mills that was roughly $85,000 in value during the first quarter of 2018. During the first three months of the year, Covestor Ltd. added 15.3% more shares of General Mills to its portfolio. Covestor Ltd. now directly owns 1,834 shares of the company’s stock, which have a value of $124,000 thanks to the purchase of an additional 244 shares of the company’s stock over the course of the previous three months. During the first three months of the fiscal year, Pearl River Capital LLC invested approximately $205,000 in General Mills. This investment was made by the company.
Journey Strategic Wealth LLC made an investment of about $220,000 to buy a new position in General Mills during the first three months of 2018. Last but not least, during the first three months of this year, approximately $247,000 was spent by First Western Trust Bank to acquire a new stake in General Mills. The majority of the equity in the company is held by institutional investors, which accounts for 75.48 percent of the total. “