Crossmark Global Holdings Inc. Has $9.08 Million Stake in General Mills, Inc. $GIS

Crossmark Global Holdings Inc. lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,115 shares of the company’s stock after selling 28,633 shares during the period. Crossmark Global Holdings Inc.’s holdings in General Mills were worth $9,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Advisory Alpha LLC grew its holdings in General Mills by 3.3% during the third quarter. Advisory Alpha LLC now owns 11,757 shares of the company’s stock valued at $592,000 after purchasing an additional 377 shares during the period. Cambria Investment Management L.P. bought a new stake in General Mills in the third quarter valued at approximately $331,000. Rock Point Advisors LLC raised its holdings in General Mills by 3.1% in the third quarter. Rock Point Advisors LLC now owns 93,640 shares of the company’s stock worth $4,721,000 after purchasing an additional 2,810 shares during the period. Fiduciary Group LLC raised its holdings in General Mills by 8.5% in the third quarter. Fiduciary Group LLC now owns 8,905 shares of the company’s stock worth $449,000 after purchasing an additional 700 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of General Mills by 8.0% during the third quarter. Victory Capital Management Inc. now owns 535,151 shares of the company’s stock worth $26,982,000 after purchasing an additional 39,595 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIS has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on shares of General Mills from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Mizuho set a $47.00 target price on shares of General Mills in a report on Monday, February 23rd. Jefferies Financial Group cut their price target on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein reduced their price target on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.42.

General Mills Trading Up 1.7%

NYSE GIS opened at $44.29 on Friday. General Mills, Inc. has a 52 week low of $42.78 and a 52 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’s 50 day moving average price is $45.52 and its two-hundred day moving average price is $47.34. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of 9.52 and a beta of -0.05.

General Mills (NYSE:GIS) last issued 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. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

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 given 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 yield of 5.5%. General Mills’s dividend payout ratio (DPR) is 52.47%.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

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.