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 took place on December 20, 2024, was executed at a price of $64.50 per share, amounting to a total value of $67,144. Following this sale, Gallagher retains ownership of 42,116.7982 shares directly. Additionally, he holds 316.44 shares indirectly through a trust, as noted in the company’s savings plan.The sale comes as General Mills, currently valued at $35 billion, trades near its 52-week low of $61.48. The company maintains a solid 3.77% dividend yield and has consistently paid dividends for 54 consecutive years. According to InvestingPro analysis, General Mills shows signs of being slightly undervalued, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this consumer staples giant.
In other recent news, General Mills reported a 12% rise in earnings per share to $1.40 in its second-quarter fiscal year 2025, surpassing consensus estimates. This increase was largely attributed to favorable inventory phasing. Despite this, the company revised its full-year 2025 guidance downward, incorporating increased investment to maintain market share advancements and achieve sustainable growth. Financial services firm Stifel adjusted its EPS forecast for General Mills to $4.44, a slight decrease of $0.08, indicating a 2% decline for the year. In addition, Bernstein SocGen Group, Mizuho (NYSE:), Citi, and Jefferies have all 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 the recent developments for General Mills.
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