Victory Capital Management Inc. Has $26.98 Million Stock Position in General Mills, Inc. $GIS

Victory Capital Management Inc. lifted its stake in General Mills, Inc. (NYSE:GIS) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 535,151 shares of the company’s stock after purchasing an additional 39,595 shares during the period. Victory Capital Management Inc. owned 0.10% of General Mills worth $26,982,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Close Asset Management Ltd acquired a new position in shares of General Mills during the 3rd quarter worth about $28,000. Davis Capital Management acquired a new stake in shares of General Mills in the 3rd quarter valued at approximately $29,000. Salomon & Ludwin LLC raised its position in shares of General Mills by 1,094.4% in 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. bought a new position in General Mills during the 3rd quarter worth approximately $32,000. Finally, Physician Wealth Advisors Inc. grew its holdings in General Mills by 343.8% during the third quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock valued at $39,000 after purchasing an additional 605 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

General Mills Stock Down 1.9%

NYSE:GIS opened at $43.43 on Tuesday. The stock has a 50-day simple moving average of $45.45 and a 200 day simple moving average of $47.26. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35. The company has a market cap of $23.17 billion, a PE ratio of 9.34 and a beta of -0.05. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66.

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. The firm 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 business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 5.6%. General Mills’s dividend payout ratio is presently 52.47%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America downgraded shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Monday, February 23rd. Sanford C. Bernstein decreased their price target on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Barclays lowered their price objective on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company reduced their target price on General Mills from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.42.

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.