American Century Companies Inc. Lowers Stock Position in General Mills, Inc. $GIS

American Century Companies Inc. lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 58.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,106,814 shares of the company’s stock after selling 1,556,066 shares during the period. American Century Companies Inc. owned 0.21% of General Mills worth $55,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in General Mills by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock valued at $3,592,828,000 after acquiring an additional 581,045 shares during the period. State Street Corp lifted its position in General Mills by 0.8% during the 2nd quarter. State Street Corp now owns 33,572,271 shares of the company’s stock worth $1,739,379,000 after acquiring an additional 250,113 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of General Mills by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after purchasing an additional 265,870 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of General Mills by 1.1% in the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock valued at $786,954,000 after purchasing an additional 170,587 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of General Mills by 15.9% in the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after purchasing an additional 1,368,041 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the subject of several recent research reports. Morgan Stanley decreased their price target on General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada set a $63.00 price objective on shares of General Mills and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Barclays lowered their target price on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Bank of America lowered shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Monday, February 23rd. Finally, Evercore set a $45.00 price objective on shares of General Mills in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.42.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. The trade was 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 owned by corporate insiders.

General Mills Trading Up 0.1%

Shares of General Mills stock opened at $43.60 on Friday. The company has a 50-day moving average of $45.57 and a two-hundred day moving average of $47.37. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The stock has a market cap of $23.26 billion, a PE ratio of 9.38 and a beta of -0.05.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

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 5.6%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s payout ratio is 52.47%.

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.