Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in General Mills, Inc. $GIS

Wealth Enhancement Advisory Services LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 214,697 shares of the company’s stock after buying an additional 27,551 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in General Mills were worth $10,935,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Davis Capital Management purchased a new stake in General Mills during the third quarter valued at about $29,000. Salomon & Ludwin LLC grew its holdings in shares of General Mills by 1,094.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares during the period. Financial Consulate Inc. acquired a new stake in General Mills during the 3rd quarter worth approximately $32,000. Traub Capital Management LLC purchased a new position in General Mills in the second quarter valued at approximately $46,000. Finally, N.E.W. Advisory Services LLC raised its holdings in General Mills by 35.4% in the third quarter. N.E.W. Advisory Services LLC now owns 937 shares of the company’s stock valued at $47,000 after buying an additional 245 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GIS has been the subject of several recent research reports. Jefferies Financial Group dropped their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. UBS Group reaffirmed a “sell” rating on shares of General Mills in a research report on Friday, December 19th. Evercore ISI reiterated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company decreased their target price on 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 equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

General Mills Stock Up 0.1%

Shares of General Mills stock opened at $44.56 on Friday. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35. The company has a market capitalization of $23.77 billion, a PE ratio of 9.58 and a beta of -0.06. 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 business has a 50-day moving average of $46.16 and a 200-day moving average of $48.20.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the business posted $1.40 earnings per share. General Mills’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. As a group, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

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

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.