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 retained ownership of 42,116.7982 direct shares. In addition, he holds 316.44 shares indirectly through a trust, as noted in the company’s savings plan. The sale comes as General Mills, now valued at $35 billion, is trading near a 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 in-depth analysis of this consumer staples giant.

In other recent news, General Mills reported a 12% increase in earnings per share to $1.40 in the second quarter of fiscal year 2025, surpassing consensus estimates. This increase was largely due to favorable inventory phasing. Despite this, the company has revised its full-year 2025 guidance downward, including additional investment to maintain market share gains 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% year-over-year decline. Additionally, Bernstein SocGen Group, Mizuho (NYSE: ), Citi, and Jefferies all revised their price targets and maintained their ratings for General Mills. The company is also involved in potential mergers and acquisitions that could dilute earnings per share by approximately 4%. This is one of the new developments for General Mills.

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