Saturday, June 25, 2022

A company insider recently sold 43,565 shares of General Mills Inc. [GIS]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. General Mills Inc. shares valued at $3,132,324 were sold by OGrady Shawn P on Apr 20. At $71.90 per share, OGrady Shawn P sold 43,565 shares. The insider’s holdings dropped to 87,554 shares worth approximately $5.94 million following the completion of this transaction.


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Also, OGrady Shawn P sold 27,157 shares, netting a total of over 1,887,412 in proceeds. Following the sale of shares at $69.50 each, the insider now holds 69,507 shares.

Before that, Williams-Roll Jacqueline had sold 10,911 shares from its account. In a trade valued at $748,658, the Chief Human Resources Officer traded General Mills Inc. shares for $68.61 each. Upon closing the transaction, the insider’s holdings decreased to 10,911 shares, worth approximately $2.3 million.

As published in their initiating research note from UBS on March 30, 2022, General Mills Inc. [GIS] has been a Neutral and the price target has been revised to $69. This represents a 1.59% premium over Wednesday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of September 23, 2021, RBC Capital Mkts has reiterated its “Sector perform” rating for GIS. Earlier on September 21, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for GIS stock which previously was a “an Equal-weight”.

Analyzing GIS’s Price Performance

On Wednesday, General Mills Inc. [NYSE: GIS] rose 0.07% to $67.90. The stock’s lowest price that day was $67.34, but it reached a high of $68.4404 in the same session. During the last five days, there has been a surge of approximately 2.18%. Over the course of the year, General Mills Inc. shares have jumped approximately 0.77%. Shares of the company reached a 52-week high of $73.99 on 05/10/22 and a 52-week low of $61.67 on 03/18/22. A 50-day SMA is recorded $69.91, while a 200-day SMA reached $66.00. Nevertheless, trading volume fell to 4.14 million shares from 3.92 million shares the previous day.

Support And Resistance Levels for General Mills Inc. (GIS)

According to the 24-hour chart, there is a support level at 67.35, which, if violated, would cause prices to drop to 66.79. In the upper region, resistance lies at 68.45. The next price resistance is at 68.99. RSI (Relative Strength Index) is 47.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 34.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of General Mills Inc. (GIS)?

According to The Vanguard Group, Inc. filings, the company currently owns 48,400,375 shares, which is about 8.04% of the total GIS shares outstanding. The investor’s shares have appreciated by 172,415 from its previous 13-F filing of 48227960.0 shares. With the completion of the buy, SSgA Funds Management, Inc.’s stake is now worth $2,459,409,908. Capital Research & Management Co acquire a 2.20% interest valued at $2.41 billion while BlackRock Fund Advisors purchased a 1,916,567 stake. A total of -174,146 shares of General Mills Inc. were bought by Capital Research & Management Co during the quarter, and -11,381 were sold by Capital Research & Management Co. In its current portfolio, Charles Schwab Investment Managem holds 10,852,150 shares valued at $758.02 million.

In terms of General Mills Inc. share price expectations, FactSet research, analysts set an average price target of $67.79 in the next 12 months, up nearly 0.22% from the previous closing price of $67.85. Analysts anticipate General Mills Inc. stock to reach $82.00 by 2022, with the lowest price target being $53.00. In spite of this, 22 analysts ranked General Mills Inc. stock as a Hold at the end of 2022. On September 13, 2021, Credit Suisse assigned a price target of “a Neutral” to the stock and downgraded coverage with a $63.

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