Jones Financial Companies Lllp Has $18.10 Million Stake in General Mills, Inc. $GIS

Jones Financial Companies Lllp raised its holdings in General Mills, Inc. (NYSE:GIS) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 361,194 shares of the company’s stock after purchasing an additional 51,843 shares during the period. Jones Financial Companies Lllp owned approximately 0.07% of General Mills worth $18,096,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Davis Capital Management acquired a new stake in General Mills during the third quarter worth approximately $29,000. Salomon & Ludwin LLC lifted its position 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 valued at $32,000 after acquiring an additional 591 shares during the period. Financial Consulate Inc. acquired a new stake in shares of General Mills during the 3rd quarter worth $32,000. Root Financial Partners LLC acquired a new stake in shares of General Mills during the 3rd quarter worth $40,000. Finally, Traub Capital Management LLC bought a new position in shares of General Mills in the second quarter worth $46,000. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price objective on shares of General Mills in a research report on Thursday, December 18th. Evercore ISI reaffirmed a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Jefferies Financial Group decreased their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley set a $47.00 price objective on shares of General Mills and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company reduced their target price on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.33.

General Mills Stock Up 1.9%

Shares of NYSE:GIS opened at $46.47 on Wednesday. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35. The company has a market capitalization of $24.79 billion, a PE ratio of 9.99 and a beta of -0.06. 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 company has a fifty day moving average of $45.83 and a 200-day moving average of $47.88.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $1.40 EPS. 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. On average, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.3%. General Mills’s dividend payout ratio is currently 52.47%.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred 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 sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

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.