General Mills, Inc. $GIS Shares Purchased by National Pension Service

National Pension Service increased its position in General Mills, Inc. (NYSE:GIS) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 916,722 shares of the company’s stock after acquiring an additional 30,368 shares during the period. National Pension Service owned approximately 0.17% of General Mills worth $46,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Davis Capital Management acquired a new position in General Mills in the 3rd quarter worth approximately $29,000. Financial Consulate Inc. purchased a new stake in shares of General Mills in the 3rd quarter valued at $32,000. Salomon & Ludwin LLC increased 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 acquiring an additional 591 shares during the period. Root Financial Partners LLC purchased a new position in shares of General Mills during the third quarter worth $40,000. Finally, Traub Capital Management LLC acquired a new position in General Mills during the second quarter valued at $46,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price objective on shares of General Mills in a research note on Thursday, December 18th. Piper Sandler reissued an “overweight” rating and issued a $60.00 price target on shares of General Mills in a report on Thursday, December 18th. TD Cowen reaffirmed a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Stifel Nicolaus cut their target price on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.33.

General Mills Trading Down 1.4%

Shares of General Mills stock opened at $45.60 on Tuesday. The firm’s 50-day moving average price is $45.84 and its 200 day moving average price is $47.91. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $24.33 billion, a PE ratio of 9.81 and a beta of -0.06. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. General Mills’s payout ratio is currently 52.47%.

Insider Buying and Selling

In other 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 sale, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.