AE Wealth Management LLC Purchases 24,688 Shares of General Mills, Inc. $GIS

AE Wealth Management LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 346,005 shares of the company’s stock after purchasing an additional 24,688 shares during the quarter. AE Wealth Management LLC owned approximately 0.06% of General Mills worth $17,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Davis Capital Management bought a new position in shares of General Mills during the 3rd quarter worth about $29,000. Salomon & Ludwin LLC grew its position in General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after acquiring an additional 591 shares during the period. Financial Consulate Inc. acquired a new position in General Mills during the third quarter worth $32,000. Root Financial Partners LLC acquired a new position in General Mills during the third quarter worth $40,000. Finally, Traub Capital Management LLC bought a new position in shares of General Mills during the second quarter valued at $46,000. 75.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GIS shares. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Jefferies Financial Group reduced their price target on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley set a $47.00 price objective on shares of General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Stifel Nicolaus cut their target price on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, TD Cowen reissued a “hold” rating on shares of General Mills in a report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.33.

General Mills Trading Up 0.1%

Shares of NYSE GIS opened at $44.41 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 50-day moving average of $45.91 and a two-hundred day moving average of $48.00. The company has a market cap of $23.70 billion, a PE ratio of 9.55 and a beta of -0.06. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share 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 business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the business posted $1.40 earnings per share. General Mills’s revenue for the quarter was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio is 52.47%.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s 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 in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

General Mills 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.