Cerity Partners LLC Has $16.63 Million Position in General Mills, Inc. $GIS

Cerity Partners LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 6.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 329,729 shares of the company’s stock after buying an additional 19,598 shares during the quarter. Cerity Partners LLC owned 0.06% of General Mills worth $16,625,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Garde Capital Inc. raised its holdings in shares of General Mills by 101.5% in the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the last quarter. Davis Capital Management bought a new position in General Mills in the third quarter valued at $29,000. Armstrong Advisory Group Inc. acquired a new stake in General Mills in the 2nd quarter valued at $32,000. Salomon & Ludwin LLC increased its stake in General Mills by 1,094.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after buying an additional 591 shares during the last quarter. Finally, Financial Consulate Inc. bought a new stake in General Mills during the 3rd quarter worth about $32,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

General Mills Price Performance

Shares of GIS opened at $44.60 on Friday. The firm has a market capitalization of $23.80 billion, a PE ratio of 9.59, a PEG ratio of 0.82 and a beta of -0.06. The company’s 50-day moving average is $46.57 and its 200-day moving average is $48.73. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39.

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

General Mills Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.5%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GIS shares. Jefferies Financial Group decreased their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Stifel Nicolaus lowered their price target on General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley set a $47.00 price objective on General Mills and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Evercore ISI reissued a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Finally, TD Cowen dropped their price target on shares of General Mills from $48.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.33.

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.