General Mills Inc (GIS): Donal L Mulligan , Executive Vice President of General Mills Inc sold 45,968 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $64.50 per share for a total value of $2,964,936.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, Dorothy A Terrell (director) sold 10,280 shares at $64.51 per share price.On Apr 6, 2016, John R Church (Executive Vice President) sold 78,673 shares at $64.85 per share price.Also, On Apr 4, 2016, Stephen A Odland (director) sold 8,695 shares at $63.34 per share price.On Mar 21, 2016, Kimberly A Nelson (Senior Vice President) sold 83,850 shares at $61.80 per share price.
General Mills: On Tuesday, May 10, 2016 heightened volatility was witnessed in General Mills which led to swings in the share price. The shares opened for trading at $62.88 and hit $63.8 on the upside , eventually ending the session at $63.73, with a gain of 1.59% or 1 points. The heightened volatility saw the trading volume jump to 32,45,661 shares. The 52-week high of the share price is $65.49 and the company has a market cap of $37,881 M . The 52-week low of the share price is at $47.43.
Company has been under the radar of several Street Analysts.General Mills is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $61 .The Rating was issued on Mar 24, 2016.
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 Company’s 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.