General Mills, Inc. $GIS Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its stake in General Mills, Inc. (NYSE:GIS) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 652,863 shares of the company’s stock after selling 12,745 shares during the period. Aberdeen Group plc owned about 0.12% of General Mills worth $32,611,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GIS. Davis Capital Management purchased a new position in General Mills in the third quarter valued at $29,000. Salomon & Ludwin LLC boosted its stake 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 acquiring an additional 591 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of General Mills during the 3rd quarter valued at about $32,000. Physician Wealth Advisors Inc. increased its stake in shares of General Mills by 343.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock valued at $39,000 after purchasing an additional 605 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in General Mills in the 3rd quarter worth about $40,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Price Performance

General Mills stock opened at $48.32 on Tuesday. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35. The stock has a market cap of $25.78 billion, a P/E ratio of 10.39 and a beta of -0.06. The company has a 50-day moving average price of $46.17 and a 200 day moving average price of $47.77. 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 posted its earnings results 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. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. General Mills’s payout ratio is currently 52.47%.

Analysts Set New Price Targets

Several analysts have commented on GIS shares. UBS Group set a $46.00 price objective on General Mills in a report on Friday. Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Morgan Stanley set a $47.00 price target on shares of General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Wells Fargo & Company decreased their price objective 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. Finally, Jefferies Financial Group dropped their target price 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. Five investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.28.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.