Advisors Asset Management Inc. Buys 11,600 Shares of General Mills, Inc. $GIS

Advisors Asset Management Inc. increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,741 shares of the company’s stock after acquiring an additional 11,600 shares during the period. Advisors Asset Management Inc.’s holdings in General Mills were worth $6,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Capital Management acquired a new position in General Mills during the 3rd quarter valued at about $29,000. Financial Consulate Inc. bought a new position in General Mills during the third quarter worth about $32,000. Salomon & Ludwin LLC grew its stake in General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after acquiring an additional 591 shares during the period. Physician Wealth Advisors Inc. increased its holdings 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 worth $39,000 after acquiring an additional 605 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of General Mills during the third quarter worth about $40,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GIS shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 price objective on shares of General Mills in a research report on Thursday, December 18th. UBS Group restated a “sell” rating on shares of General Mills in a report on Friday, December 19th. Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Jefferies Financial Group decreased their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Finally, TD Cowen reiterated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.33.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

General Mills Stock Performance

General Mills stock opened at $48.54 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 stock has a market cap of $25.90 billion, a PE ratio of 10.44 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 business’s 50-day moving average price is $46.07 and its two-hundred day moving average price is $47.81.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.78 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm’s 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, analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, April 10th. General Mills’s payout ratio is 52.47%.

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.