ABN Amro Investment Solutions Has $509,000 Position in General Mills, Inc. $GIS

ABN Amro Investment Solutions cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 85.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,102 shares of the company’s stock after selling 60,404 shares during the period. ABN Amro Investment Solutions’ holdings in General Mills were worth $509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Capital Management acquired a new position in shares of General Mills in the third quarter worth $29,000. Salomon & Ludwin LLC grew its stake 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 purchasing an additional 591 shares in the last quarter. Financial Consulate Inc. acquired a new position in General Mills in the 3rd quarter worth about $32,000. Physician Wealth Advisors Inc. raised its stake in shares of General Mills by 343.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of General Mills during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

GIS opened at $48.32 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average price is $46.17 and its two-hundred day moving average price is $47.77. The firm has a market capitalization of $25.78 billion, a P/E ratio of 10.39 and a beta of -0.06. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company earned $1.40 EPS. The business’s quarterly revenue 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. On average, equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors 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 yield of 5.0%. The ex-dividend date is Friday, April 10th. General Mills’s payout ratio is currently 52.47%.

Analyst Ratings Changes

Several equities analysts recently weighed in on GIS shares. Royal Bank Of Canada set a $63.00 price objective on shares of General Mills and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Wells Fargo & Company cut 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 report on Monday, January 5th. Stifel Nicolaus decreased their price objective on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Finally, Evercore reaffirmed a “positive” rating on shares of General Mills in a research report on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.28.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares of the company’s stock, 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 at this link. 0.30% of the stock is owned by corporate insiders.

General Mills Company 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.