Capital Group Private Client Services Inc. Trims Holdings in General Mills, Inc. $GIS

Capital Group Private Client Services Inc. trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 98.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,140 shares of the company’s stock after selling 221,718 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in General Mills were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GIS. Close Asset Management Ltd bought a new stake in shares of General Mills during the third quarter valued at about $28,000. Davis Capital Management bought a new position in shares of General Mills in the third quarter valued at approximately $29,000. Salomon & Ludwin LLC boosted its position in shares of 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. Financial Consulate Inc. purchased a new position in General Mills during the third quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. grew its stake in General Mills by 343.8% during the third quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock valued at $39,000 after acquiring an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In related 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 transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GIS. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. Sanford C. Bernstein decreased their price target on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. UBS Group reiterated a “sell” rating and issued a $40.00 price objective on shares of General Mills in a research report on Wednesday. Weiss Ratings lowered General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Finally, Bank of America cut General Mills from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $50.11.

General Mills Stock Performance

Shares of NYSE GIS opened at $40.66 on Thursday. The stock’s 50-day moving average is $45.24 and its 200 day moving average is $47.16. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 8.74 and a beta of -0.05. General Mills, Inc. has a 1-year low of $40.48 and a 1-year high of $62.61. 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 (NYSE:GIS) last issued its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (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 analyst estimates 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 for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS 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 issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.0%. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

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.