Barclays PLC Boosts Holdings in General Mills, Inc. $GIS

Barclays PLC raised its position in General Mills, Inc. (NYSE:GIS) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,745,991 shares of the company’s stock after acquiring an additional 110,150 shares during the period. Barclays PLC owned approximately 0.33% of General Mills worth $88,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in GIS. North Star Investment Management Corp. boosted its holdings in General Mills by 255.8% in the third quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock worth $3,015,000 after acquiring an additional 42,986 shares in the last quarter. Norges Bank acquired a new position in shares of General Mills during the second quarter valued at about $417,508,000. AE Wealth Management LLC increased its holdings in shares of General Mills by 7.7% during the third quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock valued at $17,445,000 after acquiring an additional 24,688 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of General Mills by 22.2% in the 3rd 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 last quarter. Finally, Philip James Wealth Mangement LLC raised its position in shares of General Mills by 55.0% in the 3rd quarter. Philip James Wealth Mangement LLC now owns 208,155 shares of the company’s stock valued at $10,495,000 after purchasing an additional 73,877 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

GIS opened at $44.29 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35. The firm has a 50 day moving average of $45.52 and a two-hundred day moving average of $47.30. The firm has a market capitalization of $23.63 billion, a PE ratio of 9.52 and a beta of -0.05.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 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 business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm earned $1.40 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. TD Cowen lowered their price objective on shares of General Mills from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. Royal Bank Of Canada set a $63.00 price objective on shares of General Mills and gave the company an “outperform” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Finally, Wells Fargo & Company reduced their target price on General Mills from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $50.42.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction dated 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 approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, 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.