General Mills, Inc. $GIS Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its stake in General Mills, Inc. (NYSE:GIS) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 682,951 shares of the company’s stock after acquiring an additional 39,460 shares during the quarter. Assetmark Inc. owned about 0.13% of General Mills worth $34,434,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of General Mills during the 2nd quarter valued at $417,508,000. Worldquant Millennium Advisors LLC acquired a new position in General Mills during the 2nd quarter worth approximately $84,862,000. Diamond Hill Capital Management Inc. raised its stake in shares of General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock valued at $384,625,000 after purchasing an additional 1,383,913 shares during the period. Nordea Investment Management AB increased its stake in General Mills by 15.9% during the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after buying an additional 1,368,041 shares during the period. Finally, First Trust Advisors LP grew its stake in 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. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated 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 transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GIS shares. Evercore reiterated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Morgan Stanley set a $47.00 price target on shares of General Mills and gave the stock an “underweight” rating in a research report on Wednesday, December 17th. Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein set a $54.00 price objective on General Mills and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Finally, Piper Sandler restated an “overweight” rating and issued a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average price target of $53.28.

General Mills Stock Down 0.5%

NYSE GIS opened at $48.32 on Friday. The firm has a 50-day simple moving average of $46.12 and a 200 day simple moving average of $47.80. 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 stock has a market cap of $25.78 billion, a PE ratio of 10.39 and a beta of -0.06. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35.

General Mills (NYSE:GIS) last posted its 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. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.General Mills’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced 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 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 (DPR) 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.