Candriam S.C.A. Lowers Stock Position in General Mills, Inc. $GIS

Candriam S.C.A. cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 70.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,339 shares of the company’s stock after selling 149,923 shares during the quarter. Candriam S.C.A.’s holdings in General Mills were worth $3,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Davis Capital Management bought a new position in shares of General Mills in the third quarter worth approximately $29,000. Salomon & Ludwin LLC boosted its holdings in 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 General Mills in the 3rd quarter worth $32,000. Physician Wealth Advisors Inc. increased its stake in General Mills by 343.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock worth $39,000 after buying an additional 605 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in General Mills during the third quarter valued at about $40,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.7%

NYSE GIS opened at $49.00 on Thursday. The stock has a 50 day moving average price of $46.02 and a 200-day moving average price of $47.81. General Mills, Inc. has a one year low of $42.78 and a one year high of $67.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The company has a market capitalization of $26.14 billion, a P/E ratio of 10.54 and a beta of -0.06.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share 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 company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. General Mills’s quarterly revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, 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. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’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 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 can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of General Mills in a research note on Thursday, December 18th. Evercore reissued a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Wells Fargo & Company reduced their price objective on shares of 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, Morgan Stanley set a $47.00 target price on shares of General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Five investment 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.