Paul Joseph Gallagher, Chief Supply Officer at Mills in general 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, which equates to a total value of $67,144. Following this sale, Gallagher retains direct ownership of 42,116.7982 shares. In addition, he holds 316.44 shares indirectly through the trust, as noted 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 has maintained a yield of 3.77% and has been paying dividends for 54 consecutive years. According to InvestingPro analysis, General Mills shows signs of undervaluation, and additional insights are available in the extensive Pro Research Report, which provides an in-depth analysis of these consumer barriers.
In other recent news, General Mills reported a 12% increase in earnings per share to $1.40 in fiscal year 2025, beating consensus estimates. This increase was largely attributed to better product placement. Despite this, the company has revised its guidance for the full year 2025 downwards, including increased investment to maintain market share growth and achieve sustainable growth. Financial services company Stifel adjusted its EPS for General Mills to $4.44, a slight decrease of $0.08, representing a 2% year-over-year decline. Additionally, Bernstein SocGen Group, Mizuho (NYSE:), Citi, and Jefferies all upgraded their price targets and maintained their rating at Mills Mills. The company is also linked to potential mergers and acquisitions that could reduce earnings per share by approximately 4%. These are among the latest developments of General Mills.
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