Caprock Group LLC Buys Shares of 20,953 General Mills, Inc. $GIS

Caprock Group LLC bought a new position in General Mills, Inc. (NYSE:GIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,953 shares of the company’s stock, valued at approximately $1,034,000.

Other large investors have 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 about $29,000. Salomon & Ludwin LLC raised its holdings in shares of General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after purchasing an additional 591 shares during the period. Financial Consulate Inc. acquired a new stake in shares of General Mills in the 3rd quarter valued at about $32,000. Physician Wealth Advisors Inc. raised its stake in General Mills by 343.8% during 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 during the period. Finally, Root Financial Partners LLC bought a new position in General Mills in the third quarter worth approximately $40,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GIS shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Piper Sandler reissued an “overweight” rating and set a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. UBS Group set a $46.00 target price on shares of General Mills in a report on Friday. Wells Fargo & Company decreased their price objective on General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Finally, Evercore reissued a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $53.28.

General Mills Stock Performance

General Mills stock opened at $48.32 on Monday. The firm’s fifty day moving average price is $46.12 and its 200-day moving average price is $47.78. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week 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 stock has a market cap of $25.78 billion, a P/E ratio of 10.39 and a beta of -0.06.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors 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 annualized dividend and a dividend yield of 5.0%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the company’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 completion of the transaction, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

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.