Rockland Trust Co. Lowers Stake in General Mills, Inc. $GIS

Rockland Trust Co. decreased its position in General Mills, Inc. (NYSE:GIS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,185 shares of the company’s stock after selling 12,377 shares during the quarter. Rockland Trust Co.’s holdings in General Mills were worth $9,539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Davis Capital Management acquired a new position in General Mills during the 3rd quarter worth about $29,000. Salomon & Ludwin LLC increased its stake in General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares during the period. Financial Consulate Inc. acquired a new stake in shares of General Mills during the third quarter worth about $32,000. Physician Wealth Advisors Inc. boosted its stake in shares of General Mills by 343.8% in the third quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock valued at $39,000 after purchasing an additional 605 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of General Mills in the third quarter valued at approximately $40,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIS has been the topic of a number of research reports. Sanford C. Bernstein set a $54.00 target price on shares of General Mills and gave the stock a “market perform” rating in a report on Thursday, December 18th. Wells Fargo & Company reduced their price objective on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price on shares of General Mills in a report on Thursday, December 18th. Evercore reissued a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Finally, Morgan Stanley set a $47.00 price target on General Mills and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider 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 filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

General Mills Trading Up 0.5%

Shares of General Mills stock opened at $48.11 on Tuesday. 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 company has a fifty day simple moving average of $45.91 and a 200-day simple moving average of $47.82. The stock has a market cap of $25.67 billion, a price-to-earnings ratio of 10.35 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 announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 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 firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the business earned $1.40 EPS. 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. On average, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.1%. General Mills’s dividend payout ratio is 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.