General Mills, Inc. $GIS Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 83.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,234 shares of the company’s stock after selling 136,064 shares during the period. Assenagon Asset Management S.A.’s holdings in General Mills were worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GIS. Exeter Financial LLC grew its holdings in shares of General Mills by 11.7% during the third quarter. Exeter Financial LLC now owns 41,058 shares of the company’s stock worth $2,070,000 after buying an additional 4,306 shares during the last quarter. Fragasso Financial Advisors Inc acquired a new stake in General Mills during the 3rd quarter worth approximately $207,000. Gradient Investments LLC acquired a new stake in General Mills during the 3rd quarter worth approximately $12,747,000. AssuredPartners Investment Advisors LLC purchased a new position in shares of General Mills in the 3rd quarter valued at approximately $263,000. Finally, HF Advisory Group LLC increased its holdings in shares of General Mills by 17.3% in the third quarter. HF Advisory Group LLC now owns 12,175 shares of the company’s stock valued at $614,000 after purchasing an additional 1,795 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 0.8%

Shares of NYSE GIS opened at $47.00 on Thursday. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.87 and a beta of -0.07. General Mills, Inc. has a 52 week low of $45.15 and a 52 week high of $67.35. The firm has a 50-day moving average price of $47.14 and a 200 day moving average price of $49.38. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, January 9th. General Mills’s payout ratio is presently 52.47%.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GIS shares. Stifel Nicolaus decreased their price target on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Cowen reissued a “hold” rating on shares of General Mills in a report on Monday, December 15th. Finally, Bernstein Bank reduced their price objective on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, September 18th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.44.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.