General Mills, Inc. $GIS Shares Sold by Capital International Sarl

Capital International Sarl cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 70.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,468 shares of the company’s stock after selling 17,756 shares during the period. Capital International Sarl’s holdings in General Mills were worth $377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GIS. Austin Private Wealth LLC raised its holdings in General Mills by 5.0% in the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock worth $224,000 after purchasing an additional 211 shares during the period. Retirement Planning Co of New England Inc. grew its holdings in General Mills by 4.2% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after purchasing an additional 219 shares during the period. Smith Moore & CO. increased its position in shares of General Mills by 2.6% in the third quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock valued at $443,000 after buying an additional 225 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in shares of General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after buying an additional 226 shares during the period. Finally, AlphaCore Capital LLC raised its stake in shares of General Mills by 10.9% during the 2nd quarter. AlphaCore Capital LLC now owns 2,343 shares of the company’s stock worth $121,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GIS shares. Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Jefferies Financial Group reduced their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company decreased their price objective on shares of General Mills from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Finally, Morgan Stanley cut their target price on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 18th. Four equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.11.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

General Mills Stock Down 3.8%

NYSE GIS opened at $40.66 on Thursday. The business has a fifty day moving average price of $45.24 and a 200 day moving average price of $47.16. General Mills, Inc. has a one year low of $40.48 and a one year high of $62.61. 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 company has a market cap of $21.70 billion, a P/E ratio of 8.74 and a beta of -0.05.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.0%. General Mills’s payout ratio is presently 52.47%.

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.