Peak Retirement Planning Inc. Raises Stake in General Mills, Inc. $GIS

Peak Retirement Planning Inc. boosted its stake in General Mills, Inc. (NYSE:GIS) by 51.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,453 shares of the company’s stock after purchasing an additional 11,998 shares during the quarter. Peak Retirement Planning Inc.’s holdings in General Mills were worth $1,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GIS. North Star Investment Management Corp. raised its stake in shares of General Mills by 255.8% during the third quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock valued at $3,015,000 after acquiring an additional 42,986 shares during the last quarter. Norges Bank purchased a new position in General Mills during the 2nd quarter valued at about $417,508,000. AE Wealth Management LLC raised its position in General Mills by 7.7% during the 3rd quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock valued at $17,445,000 after purchasing an additional 24,688 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in General Mills by 22.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 383,877 shares of the company’s stock valued at $19,889,000 after purchasing an additional 70,800 shares during the last quarter. Finally, Philip James Wealth Mangement LLC lifted its holdings in General Mills by 55.0% in the 3rd quarter. Philip James Wealth Mangement LLC now owns 208,155 shares of the company’s stock worth $10,495,000 after buying an additional 73,877 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Price Performance

GIS stock opened at $45.60 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a 50 day moving average price of $45.84 and a 200-day moving average price of $47.91. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35. The firm has a market capitalization of $24.33 billion, a price-to-earnings ratio of 9.81 and a beta of -0.06.

General Mills (NYSE:GIS) last posted its quarterly earnings data 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 return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the company earned $1.40 EPS. The firm’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. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 5.4%. General Mills’s payout ratio is 52.47%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GIS. UBS Group reissued a “sell” rating on shares of General Mills in a research note on Friday, December 19th. TD Cowen reissued a “hold” rating on shares of General Mills in a research report on Monday, December 15th. 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. Evercore ISI reaffirmed a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Finally, Wells Fargo & Company reduced their price target on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.33.

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.