Alps Advisors Inc. Buys 48,815 Shares of General Mills, Inc. $GIS

Alps Advisors Inc. raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 501,189 shares of the company’s stock after purchasing an additional 48,815 shares during the period. Alps Advisors Inc. owned 0.09% of General Mills worth $25,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of General Mills by 0.8% in the second quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock valued at $3,592,828,000 after purchasing an additional 581,045 shares during the last quarter. State Street Corp boosted its stake in General Mills by 0.8% during the 2nd quarter. State Street Corp now owns 33,572,271 shares of the company’s stock valued at $1,739,379,000 after purchasing an additional 250,113 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in General Mills by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after buying an additional 265,870 shares during the last quarter. Geode Capital Management LLC increased its position in General Mills by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock worth $786,954,000 after buying an additional 170,587 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of General Mills by 15.9% during the third 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 during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

NYSE:GIS opened at $47.91 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 firm has a market cap of $25.56 billion, a PE ratio of 10.30 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. The company’s 50-day moving average price is $45.89 and its two-hundred day moving average price is $47.86.

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. On average, equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is currently 52.47%.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction 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 completion of the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports 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. Stifel Nicolaus lowered their price target on General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company reduced their price objective on General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective on shares of General Mills in a report on Thursday, December 18th. Finally, Jefferies Financial Group cut their target price on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.33.

General Mills Company 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.