Wed Sep 25 07:45:01 UTC 2024: ## General Mills Beats Earnings Estimates, Stock Price Rises

**Minneapolis, MN -** General Mills, Inc. (NYSE: GIS) reported strong second-quarter earnings, exceeding analysts’ expectations and sending the stock price higher. The company reported earnings per share of $1.07, beating estimates by $0.01, and revenue of $4.85 billion, surpassing analysts’ expectations of $4.80 billion.

Despite a 1.2% decline in revenue compared to the same quarter last year, General Mills demonstrated strong profitability with a net margin of 12.57% and a return on equity of 26.56%. Analysts are predicting an EPS of 4.5 for the current fiscal year.

The stock opened at $73.77 on Wednesday, with a market capitalization of $41.17 billion. General Mills has a 52-week low of $60.33 and a 52-week high of $75.90.

**Insider Trading:**

Pankaj Mn Sharma, an insider at General Mills, sold 2,325 shares of the company’s stock on September 20th for a total value of $173,514.75. Following the transaction, Sharma now owns 36,184 shares of General Mills stock.

**Institutional Investor Activity:**

Several institutional investors have recently adjusted their holdings of General Mills stock. Rise Advisors LLC, Capital Advisors Ltd. LLC, Fortis Group Advisors LLC, RFP Financial Group LLC, and Perkins Coie Trust Co all increased their positions in the company’s stock during recent quarters. Hedge funds and other institutional investors currently own 75.71% of General Mills’ stock.

**General Mills Overview:**

General Mills is a leading manufacturer and marketer of branded consumer foods worldwide. The company operates through four segments: North America Retail, International, Pet, and North America Foodservice. General Mills offers a diverse range of food products, including cereals, yogurt, soup, meal kits, baked goods, snacks, and frozen foods.

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