Today, the CEO & COB of General Mills (NYSE: GIS), Jeffrey Harmening, bought shares of GIS for $253.1K.
Following this transaction Jeffrey Harmening’s holding in the company was increased by 4.27% to a total of $6.19 million.
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Based on General Mills’ latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $3.88 billion and quarterly net profit of $941 million. In comparison, last year the company earned revenue of $3.79 billion and had a net profit of $358 million. GIS’s market cap is $24.11B and the company has a P/E ratio of 11.28. Currently, General Mills has an average volume of 4.1M.
16 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock. Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $49.82, reflecting a -15.3% downside.
The insider sentiment on General Mills has been positive according to 74 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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 and Foodservice, Europe and Australia, and Asia and Latin America.
