Allianz Asset Management GmbH Trims Stake in General Mills, Inc. $GIS

Allianz Asset Management GmbH cut its stake in General Mills, Inc. (NYSE:GIS) by 15.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,275 shares of the company’s stock after selling 32,583 shares during the period. Allianz Asset Management GmbH’s holdings in General Mills were worth $8,737,000 at the end of the most recent reporting period.

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

General Mills Stock Up 0.5%

General Mills stock opened at $48.11 on Tuesday. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35. The stock has a fifty day simple moving average of $45.91 and a two-hundred day simple moving average of $47.82. 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 cap of $25.67 billion, a price-to-earnings ratio of 10.35 and a beta of -0.06.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm posted $1.40 earnings per share. General Mills’s revenue 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 predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors 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 dividend on an annualized basis and a yield of 5.1%. General Mills’s dividend payout ratio is 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 that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GIS. Evercore restated a “positive” rating on shares of General Mills 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 for the company in a research report on Monday, January 5th. Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, UBS Group restated a “sell” rating on shares of General Mills in a report on Friday, December 19th. Five 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 company presently has a consensus rating of “Hold” and an average target price of $53.33.

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.