Oregon Public Employees Retirement Fund Has $3.08 Million Stock Holdings in General Mills, Inc. $GIS

Oregon Public Employees Retirement Fund increased its position in shares of General Mills, Inc. (NYSE:GIS) by 29.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,105 shares of the company’s stock after purchasing an additional 13,868 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in General Mills were worth $3,081,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GIS. Jefferies Financial Group lowered their target price on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Piper Sandler restated an “overweight” rating and issued a $60.00 price objective on shares of General Mills in a research report on Thursday, December 18th. Cowen reiterated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Bernstein Bank decreased their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Finally, Wells Fargo & Company dropped their price objective on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and an average target price of $53.33.

General Mills Stock Up 1.5%

Shares of NYSE:GIS opened at $44.60 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 9.59 and a beta of -0.06. The company has a 50 day moving average of $46.57 and a 200-day moving average of $48.68. General Mills, Inc. has a one year low of $42.78 and a one year high of $67.35.

General Mills (NYSE:GIS) last announced its quarterly earnings data 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. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, January 9th. General Mills’s dividend payout ratio is currently 52.47%.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

About General Mills

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.