General Mills (NYSE:GIS) has climbed 0.61% in the past week and advanced 5.38% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.82% and the outperformance has advanced to 4.42% for the last 4 weeks period.
General Mills (NYSE:GIS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.63 and $65.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.81, notching a gain of 0.05% for the day. The total traded volume was 3,331,338 . The stock had closed at $65.78 on the previous day.
The company shares have rallied 17.25% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $65.82 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $63.41 and the 200 Day Moving Average price is recorded at $60.12.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mulligan Donal L, officer (Executive Vice President) of General Mills Inc, had unloaded 45,968 shares at an average price of $64.5 in a transaction dated on May 12, 2016. The total value of the transaction was worth $2,964,936.
Many analysts have stated their opinion on the company shares. Goldman Sachs downgrades its view on General Mills (NYSE:GIS) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on May 24, 2016. Currently the company Insiders own 1.4% of General Mills shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.32% . Institutional Investors own 71.31% of General Mills shares. During last six month period, the net percent change held by insiders has seen a change of -5.32%.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.