Connect with us

Hi, what are you looking for?

Business

Rep. Lisa C. McClain Sells Shares in General Mills, Inc.

Representative Lisa C. McClain (R-Michigan) has recently sold shares of General Mills, Inc. (NYSE:GIS), according to a filing made public on August 13. The transaction took place on July 16, where McClain sold stock valued between $1,001 and $15,000 through her Charles Schwab brokerage account. This sale is part of a series of transactions that McClain conducted in early August.

On August 4, 2025, she sold shares of several companies, including Autoliv (NYSE:ALV), Amazon.com (NASDAQ:AMZN), Applied Materials (NASDAQ:AMAT), and Arthur J. Gallagher & Co. (NYSE:AJG), each within the same price range of $1,001 to $15,000. Additionally, she executed various other trades in late July, involving both sales and purchases of stocks from other notable firms, including Sanofi (NASDAQ:SNY) and XPO (NYSE:XPO).

General Mills Stock Performance

As of the last trading session, General Mills shares opened at $49.65. The company has seen fluctuations, with a 50-day simple moving average of $51.31 and a 200-day simple moving average of $55.49. Over the past year, the stock has reached a low of $48.59 and a high of $75.90. Currently, General Mills has a market capitalization of $26.93 billion, a price-to-earnings (PE) ratio of 12.11, and a debt-to-equity ratio of 1.38.

In its latest earnings report on June 25, the company announced earnings per share (EPS) of $0.74, surpassing analyst expectations of $0.72 by $0.02. Despite this positive outcome, General Mills reported a decline in revenue to $4.56 billion, falling short of the anticipated $4.60 billion. This represents a 3.3% decrease compared to the same quarter last year.

Recent Dividend Increase and Analyst Ratings

In an encouraging move for shareholders, General Mills has increased its quarterly dividend to $0.61 per share, which was paid on August 1. This dividend rise from $0.60 reflects the company’s commitment to returning value to its investors. The annualized dividend now stands at $2.44, yielding approximately 4.9%.

Several analysts recently reassessed their ratings for General Mills. Morgan Stanley maintained an “underweight” rating with a price target revised down to $51.00. Meanwhile, The Goldman Sachs Group downgraded the stock from a “buy” to a “neutral” rating, reducing its price target from $68.00 to $58.00. Other firms like Stifel Nicolaus and Barclays also adjusted their price targets, reflecting a cautious outlook on the stock.

The consensus rating for General Mills from analysts now averages as a “Hold,” with a price target of $59.73.

Many institutional investors have been actively trading shares of General Mills. Notably, Garde Capital Inc. increased its stake by 101.5% in the second quarter, reflecting a growing interest in the company. Other firms, such as Perkins Coie Trust Co. and Transce3nd LLC, have also made significant acquisitions, contributing to the fact that approximately 75.71% of General Mills’ stock is held by institutional investors.

About Representative McClain

Lisa McClain has represented Michigan’s 9th Congressional District since January 3, 2023. With her current term set to end on January 3, 2027, she has declared her candidacy for re-election in 2026. McClain holds a bachelor’s degree in business administration from Northwood University and has previously held positions in business, including founding the North End Support Team.

General Mills, Inc. is a global leader in the consumer food industry, offering a wide range of products across various categories, including cereals, dairy, snacks, and pet foods. The company operates through four primary segments: North America Retail, International, Pet, and North America Foodservice.

In summary, Representative McClain’s recent stock transactions and General Mills’ performance highlight the dynamic nature of the market, reflecting both individual investment decisions and broader economic trends.

You May Also Like

Technology

Tesla (TSLA) recently reported a year-over-year drop in second-quarter deliveries, yet the market responded with optimism, pushing the stock up by 5%. This unexpected...

Health

The All England Lawn Tennis Club in London experienced its hottest-ever opening day on Monday, as the prestigious Wimbledon tournament kicked off under unprecedented...

Science

Look out, daters: a new toxic relationship trend is sweeping through the romantic world, leaving many baffled and heartbroken. Known as “Banksying,” this phenomenon...

Technology

In a bold reimagining of the DC Universe, director James Gunn has introduced a significant narrative element in his latest film, which reveals that...

Entertainment

Netflix’s eagerly anticipated talent competition Building the Band is set to premiere on July 9, promising an emotional journey for viewers. This series, centered...

Technology

Former Speaker of the House Nancy Pelosi has recently made headlines with her latest investment in the tech sector. According to official filings, she...

Entertainment

A new documentary series titled “Animals on Drugs” is set to premiere on the Discovery Channel on July 28, 2023. The three-part series follows...

Technology

The answer to today’s NYT Wordle, dated August 8, 2025, is the verb IMBUE. This word, which means “to fill or saturate,” features three...

World

The first dose of the hepatitis B vaccine is recommended at birth, a practice that has come under scrutiny following recent comments by Health...

Technology

The Evo 2025 tournament is set to take place from August 1 to August 3, 2025, showcasing some of the most popular fighting games...

Sports

ZAGREB, Croatia — A concert by Marko Perkovic, a right-wing Croatian singer known for his controversial views, attracted tens of thousands of fans to...

Politics

Billionaire hedge fund manager Bill Ackman faced significant backlash following his professional tennis debut at the Hall of Fame Open in Newport, Rhode Island,...

Business

Erin Dana Lichy, a prominent cast member of “Real Housewives of New York,” has officially settled into her dream home, a grand townhouse located...

Lifestyle

The upcoming TRNSMT 2025 festival is set to take place from July 7 to July 9, 2025, at Glasgow Green, and organizers have released...

Sports

As the summer of 2025 unfolds, the video game industry is set to deliver a diverse array of new releases that promise to captivate...

Technology

Meta has officially opened preorders for its new Oakley smart glasses, the limited edition HSTN, ahead of their anticipated release on July 22, 2023....

Copyright © All rights reserved. This website provides general news and educational content for informational purposes only. While we strive for accuracy, we do not guarantee the completeness or reliability of the information presented. The content should not be considered professional advice of any kind. Readers are encouraged to verify facts and consult appropriate experts when needed. We are not responsible for any loss or inconvenience resulting from the use of information on this site.