Sen. Tina Smith Sells General Mills, Inc. (NYSE:GIS) Stock

Senator Tina Smith (D-Minnesota) recently sold shares of General Mills, Inc. (NYSE:GIS). In a filing disclosed on March 19th, the Senator disclosed that they had sold between $100,001 and $250,000 in General Mills stock on February 11th.

Senator Tina Smith also recently made the following trade(s):

• Sold $100,001 – $250,000 in shares of PepsiCo (NASDAQ:PEP) on 2/11/2025.

General Mills Price Performance

Shares of NYSE GIS opened at $58.31 on Friday. The firm has a 50-day simple moving average of $59.99 and a 200-day simple moving average of $65.37. The stock has a market capitalization of $32.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. On average, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GIS shares. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Monday. Stifel Nicolaus cut their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Barclays lowered their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $66.76.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC grew its holdings in General Mills by 6.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock worth $304,000 after acquiring an additional 268 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc acquired a new position in General Mills during the 4th quarter worth approximately $547,000. Daiwa Securities Group Inc. grew its holdings in General Mills by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock worth $4,652,000 after acquiring an additional 4,839 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after acquiring an additional 3,058,414 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

About Senator Smith

Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.