QRG Capital Management Inc. Reduces Holdings in General Mills, Inc. $GIS

QRG Capital Management Inc. trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,060 shares of the company’s stock after selling 151,486 shares during the quarter. QRG Capital Management Inc.’s holdings in General Mills were worth $9,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Davis Capital Management purchased a new position in shares of General Mills in the third quarter worth $29,000. Armstrong Advisory Group Inc. bought a new stake in General Mills in the 2nd quarter worth $32,000. Salomon & Ludwin LLC increased 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 shares of General Mills in the third quarter valued at about $32,000. Finally, Traub Capital Management LLC bought a new position in shares of General Mills during the second quarter valued at about $46,000. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of GIS stock opened at $44.51 on Friday. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 9.57 and a beta of -0.06. The business’s fifty day moving average is $46.40 and its 200 day moving average is $48.46. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35. 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 announced 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 return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The company’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. Research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, January 9th. General Mills’s dividend payout ratio is 52.47%.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GIS shares. Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Jefferies Financial Group dropped their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Piper Sandler reissued an “overweight” rating and set a $60.00 target price on shares of General Mills in a research note on Thursday, December 18th. Morgan Stanley set a $47.00 price target on General Mills and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Finally, UBS Group reissued a “sell” rating on shares of General Mills in a research report on Friday, December 19th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.33.

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.