Capital International Investors Sells 468,119 Shares of General Mills, Inc. $GIS

Capital International Investors decreased its position in General Mills, Inc. (NYSE:GIS) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,511,694 shares of the company’s stock after selling 468,119 shares during the period. Capital International Investors owned about 0.28% of General Mills worth $76,220,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of General Mills during the second quarter valued at approximately $417,508,000. Worldquant Millennium Advisors LLC bought a new position in General Mills in the second quarter worth $84,862,000. Diamond Hill Capital Management Inc. boosted its stake in General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock worth $384,625,000 after buying an additional 1,383,913 shares in the last quarter. Nordea Investment Management AB increased its holdings in General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after buying an additional 1,368,041 shares during the period. Finally, First Trust Advisors LP increased its holdings in General Mills by 67.8% in the 2nd quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock valued at $114,682,000 after buying an additional 894,633 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

Shares of GIS stock opened at $40.66 on Thursday. General Mills, Inc. has a 52 week low of $40.48 and a 52 week high of $62.61. The stock has a market capitalization of $21.70 billion, a PE ratio of 8.74 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. The stock’s fifty day moving average is $45.24 and its 200-day moving average is $47.16.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $4.86 billion during 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 firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.0%. General Mills’s payout ratio is currently 52.47%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GIS. Royal Bank Of Canada set a $63.00 price objective on shares of General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Piper Sandler lowered their target price on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Stifel Nicolaus dropped their price target on shares of General Mills from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Sanford C. Bernstein decreased their price objective on General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 price objective on shares of General Mills in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.11.

General Mills 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.