Vontobel Holding Ltd. Sells 73,119 Shares of General Mills, Inc. $GIS

Vontobel Holding Ltd. decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 37.8% in the third quarter, HoldingsChannel reports. The fund owned 120,259 shares of the company’s stock after selling 73,119 shares during the quarter. Vontobel Holding Ltd.’s holdings in General Mills were worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. lifted its position in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of General Mills in the first quarter worth about $34,000. Pingora Partners LLC lifted its position in shares of General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after buying an additional 500 shares in the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of General Mills during the 2nd quarter valued at approximately $32,000. Finally, WPG Advisers LLC purchased a new stake in General Mills in the 1st quarter worth approximately $50,000. 75.71% of the stock is owned by institutional investors.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s 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 completion of the transaction, the insider directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

General Mills Stock Up 0.8%

Shares of GIS stock opened at $47.00 on Friday. The company’s fifty day simple moving average is $47.13 and its two-hundred day simple moving average is $49.36. General Mills, Inc. has a 52 week low of $45.15 and a 52 week high of $67.35. The stock has a market cap of $25.08 billion, a P/E ratio of 10.11, a PEG ratio of 0.88 and a beta of -0.07. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating 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 return on equity of 21.41% and a net margin of 13.51%.The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s dividend payout ratio is 52.47%.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Jefferies Financial Group dropped their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Cowen reissued a “hold” rating on shares of General Mills in a report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price objective on shares of General Mills in a research note on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.44.

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.