Paul Joseph Gallagher, Chief Supply Chain Officer at General Mills Inc. (NYSE:), recently sold 1,041 shares of the company's common stock. The transaction, which occurred on December 20, 2024, was executed at a price of $64.50 per share, for a total value of $67,144. Following this sale, Gallagher retains direct ownership of 42,116.7982 shares. In addition, he owns 316.44 shares indirectly through a trust, as stated in the company's savings plan. The sale comes as General Mills, currently valued at $35 billion, is trading near its 52-week low of $61.48. The company maintains a strong dividend yield of 3.77% and has paid a dividend consistently for 54 consecutive years. according to InvestingPro Analysis General Mills is showing signs of being slightly undervalued, with additional insights available in Pro Research's comprehensive report, which provides in-depth analysis of this consumer staples giant.
In other recent news, General Mills reported a 12% rise in earnings per share to $1.40 in the second quarter of fiscal 2025, beating consensus estimates. This increase is largely due to the appropriate phased distribution of inventory. Despite this, the company has revised its guidance for the full year 2025 downward, including increased investment to maintain progress in market share and achieve sustainable growth. Financial services company Stifel revised its EPS forecast for General Mills to $4.44, down slightly by $0.08, suggesting a 2% decline for the year. In addition, Bernstein Société Générale, Mizuho (NYSE:), Citi and Jefferies revised their price targets and maintained their ratings for General Mills. The company has also been linked to potential mergers and acquisitions that could dilute earnings per share by approximately 4%. These are among General Mills' recent developments.
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