Bank of Montreal Can Has $46.37 Million Stock Holdings in General Mills, Inc. $GIS

Bank of Montreal Can increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 919,743 shares of the company’s stock after acquiring an additional 71,939 shares during the period. Bank of Montreal Can owned about 0.17% of General Mills worth $46,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GIS. Norges Bank bought a new position in General Mills during the second quarter worth about $417,508,000. Worldquant Millennium Advisors LLC bought a new stake in shares of General Mills in the 2nd quarter valued at approximately $84,862,000. Diamond Hill Capital Management Inc. raised its holdings in shares of General Mills by 22.2% in the 3rd 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 raised its holdings in shares of General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after buying an additional 1,368,041 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of General Mills by 67.8% during the 2nd quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock worth $114,682,000 after buying an additional 894,633 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by company insiders.

General Mills Stock Performance

General Mills stock opened at $39.40 on Friday. The company has a market cap of $21.02 billion, a PE ratio of 8.47 and a beta of -0.05. 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, Inc. has a 1 year low of $39.29 and a 1 year high of $62.61. The company’s 50-day moving average is $45.10 and its two-hundred day moving average is $47.10.

General Mills (NYSE:GIS) last posted 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. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. General Mills’s revenue for the quarter was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities 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 dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.2%. General Mills’s payout ratio is presently 52.47%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays decreased their price target on General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Jefferies Financial Group cut their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Sanford C. Bernstein reduced their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research note 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 target price on the stock. in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $49.58.

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.