General Mills, Inc. $GIS Position Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in General Mills, Inc. (NYSE:GIS) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,902 shares of the company’s stock after selling 45,728 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of General Mills worth $30,600,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of General Mills in the second quarter valued at $417,508,000. Worldquant Millennium Advisors LLC bought a new stake in General Mills in the second quarter worth about $84,862,000. Nordea Investment Management AB lifted its holdings in General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after acquiring an additional 1,368,041 shares during the last quarter. First Trust Advisors LP boosted its position in shares of General Mills by 67.8% during the 2nd quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock valued at $114,682,000 after purchasing an additional 894,633 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of General Mills by 57.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,410,009 shares of the company’s stock worth $124,863,000 after purchasing an additional 880,090 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

GIS has been the subject of several recent research reports. Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Sanford C. Bernstein set a $54.00 price objective on General Mills and gave the company a “market perform” rating in a research report on Thursday, December 18th. TD Cowen reissued a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Wells Fargo & Company cut their target price on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Finally, Jefferies Financial Group reduced their target price on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.33.

General Mills Stock Performance

Shares of General Mills stock opened at $49.00 on Thursday. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35. 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 stock has a market cap of $26.14 billion, a PE ratio of 10.54 and a beta of -0.06. The business has a fifty day simple moving average of $46.02 and a 200-day simple moving average of $47.81.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid 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 5.0%. General Mills’s dividend payout ratio is 52.47%.

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.