General Mills, Inc. (NYSE:GIS) is on recovery track with 46.4% gain from a 1-year low price of $36.42. The company added 1.66% to attain the price of $53.32 on 6/19/2019. Throughout the recent session, the prices were hovering between $52.09 and $53.365. These shares are -5.35% up from its target price of $50.47 and the current market capitalization stands at $32.01B. The recent change has given its price a 3.43% lead over SMA 50 and -0.63% deficit over its 52-week high. The stock witnessed 1.16% gains, 10.42% gains and 45.13% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GIS’s volatility during a week at 1.64% and during a month it has been found around 1.84%.
What Does General Mills, Inc. (GIS) Do?
The company describes itself in regulatory filings as, “General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America; and Pet. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores & Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe & Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. The Asia & Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. The Pet segment represents the pet food products sold primarily in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.” [Text can be found here: https://www.marketwatch.com/investing/stock/GIS/profile under company description.]General Mills, Inc. (GIS) Top Holders
Institutional investors currently hold around $22.26 billion or 73.5% in GIS stock. Look at its top three institutional owners: Vanguard Group Inc owns $2.44 billion in General Mills, Inc., which represents roughly 7.62% of the company’s market cap and approximately 10.96% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 41,345,362 shares of the stock are valued at $2.17 billion. The third largest holder is State Street Corp, which currently holds $1.85 billion worth of this stock and that ownership represents nearly 5.78% of its market capitalization.
At the end of March reporting period, 661 institutional holders increased their position in General Mills, Inc. (NYSE:GIS) by some 39,340,963 shares, 517 decreased positions by 29,374,074 and 180 held positions by 355,695,660. That puts total institutional holdings at 424,410,697 shares, according to SEC filings. The stock grabbed 160 new institutional investments totaling 12,518,343 shares while 89 institutional investors sold out their entire positions totaling 6,328,338 shares.General Mills, Inc. (NYSE:GIS) Insider Trades
Multiple company employees have indulged in significant insider trading. General Mills, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief SC & GBS Officer Church John R has sold 4,719 shares of General Mills, Inc. (GIS) in the trading session dated Apr. 03, 2019. These shares are worth $239,631 and were traded at $50.78 each. The SEC filing shows that CLARK R KERRY performed a sale of 14,836 shares. The Director disposed these shares by way of transaction on Apr. 01, 2019. The company’s shares were given away at $51.57 per share worth to an income of some $765,093 to the account of CLARK R KERRY.
Chief Human Resources Officer, Williams-Roll Jacqueline, sold 15,920 common shares of General Mills, Inc. (GIS) in the open market. In a transaction dated Mar. 27, 2019, the shares were put up for sale at an average price of $51.48, raking in a sum of $819,562. After this sale, 46,109 common shares of GIS are directly owned by the insider, with total stake valued at $2,458,515.
In the transaction dated Mar. 27, 2019, a great number of shares sold came courtesy the Group President; Quam Bethany C. disposed a total of 18,536 shares at an average price of $51.4, amounting to approximately $952,750. The insider now directly owns 40,158 shares worth $2,141,232.General Mills, Inc. (GIS) Analyst Guide
Several analysts have released their opinion on General Mills, Inc. (NYSE:GIS), with 4 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 0 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.65 average brokerage recommendation [T1].