General Mills (NYSE:GIS – Get Rating) is set to release its earnings data before the market opens on Wednesday, June 29th. Analysts expect General Mills to post earnings of $1.01 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
General Mills (NYSE:GIS – Get Rating) last posted its earnings results on Wednesday, March 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. General Mills had a return on equity of 23.10% and a net margin of 12.36%. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts expect General Mills to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
GIS opened at $67.85 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.49 and a current ratio of 0.74. General Mills has a 52-week low of $56.67 and a 52-week high of $73.99. The stock has a market capitalization of $40.86 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. The stock’s 50 day moving average price is $69.88 and its 200-day moving average price is $68.06.
In other news, insider Jacqueline Williams-Roll sold 10,911 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $68.61, for a total transaction of $748,603.71. Following the transaction, the insider now directly owns 33,878 shares of the company’s stock, valued at $2,324,369.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn P. Ogrady sold 43,565 shares of the company’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $71.90, for a total value of $3,132,323.50. Following the transaction, the insider now directly owns 87,554 shares in the company, valued at $6,295,132.60. The disclosure for this sale can be found here. Insiders sold 81,633 shares of company stock worth $5,768,339 over the last three months. Corporate insiders own 0.53% of the company’s stock.
Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in General Mills during the fourth quarter valued at $42,000. Monolith Advisors purchased a new stake in General Mills during the fourth quarter valued at $65,000. First Community Trust NA purchased a new stake in General Mills during the fourth quarter valued at $70,000. 1832 Asset Management L.P. purchased a new stake in General Mills during the first quarter valued at $85,000. Finally, Covestor Ltd increased its position in General Mills by 15.3% during the first quarter. Covestor Ltd now owns 1,834 shares of the company’s stock valued at $124,000 after acquiring an additional 244 shares during the last quarter. 74.63% of the stock is currently owned by hedge funds and other institutional investors.
About General Mills (Get Rating)
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, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
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