We'd be surprised if General Mills, Inc. (NYSE:GIS) shareholders haven't noticed that the Group President of Pet & International, Jonathon Nudi, recently sold US$492k worth of stock at US$64.15 per share. On the bright side, that sale was only 6.2% of their holding, so we doubt it's very meaningful, on its own.
General Mills Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, David Cordani, sold US$777k worth of shares at a price of US$89.55 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$64.83). So it may not tell us anything about how insiders feel about the current share price.
Insiders in General Mills didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like General Mills better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership Of General Mills
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that General Mills insiders own 0.3% of the company, worth about US$115m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At General Mills Tell Us?
An insider hasn't bought General Mills stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing General Mills. For example - General Mills has 1 warning sign we think you should be aware of.
Of course General Mills may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.