Winnow Wealth LLC Acquires New Shares in General Mills, Inc. $GIS

Winnow Wealth LLC acquired a new position in General Mills, Inc. (NYSE:GIS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,042 shares of the company’s stock, valued at approximately $1,073,000.

Several other institutional investors also recently bought and sold shares of GIS. Davis Capital Management bought a new stake in General Mills during the third quarter worth approximately $29,000. Salomon & Ludwin LLC lifted its stake in shares of General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after buying an additional 591 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of General Mills during the 3rd quarter worth $32,000. Root Financial Partners LLC bought a new stake in shares of General Mills during the 3rd quarter worth $40,000. Finally, Traub Capital Management LLC bought a new position in General Mills in the 2nd quarter worth $46,000. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $60.00 price target on shares of General Mills in a report on Thursday, December 18th. Sanford C. Bernstein set a $54.00 target price on General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average price target of $53.33.

General Mills Stock Up 4.1%

Shares of GIS opened at $46.26 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $45.87 and a two-hundred day moving average price of $47.97. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 9.95 and a beta of -0.06. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping 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%.General Mills’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.3%. General Mills’s dividend payout ratio is presently 52.47%.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills 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 transaction, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

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.