General Mills, Inc. $GIS Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 28.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 32,157 shares of the company’s stock after selling 12,561 shares during the period. Simplicity Wealth LLC’s holdings in General Mills were worth $1,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIS. Davis Capital Management acquired a new stake in shares of General Mills in the third quarter worth $29,000. Salomon & Ludwin LLC boosted its position in General Mills by 1,094.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares during the period. Financial Consulate Inc. acquired a new stake in General Mills in the 3rd quarter valued at $32,000. Root Financial Partners LLC purchased a new position in General Mills in the third quarter valued at about $40,000. Finally, Traub Capital Management LLC acquired a new position in shares of General Mills during the second quarter worth about $46,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GIS. Jefferies Financial Group lowered their target price on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Stifel Nicolaus lowered their price objective on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Piper Sandler restated an “overweight” rating and issued a $60.00 target price on shares of General Mills in a research note on Thursday, December 18th. Finally, UBS Group reaffirmed a “sell” rating on shares of General Mills in a report on Friday, December 19th. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average target price of $53.33.

General Mills Stock Performance

General Mills stock opened at $44.49 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 current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The stock has a market cap of $23.74 billion, a P/E ratio of 9.57 and a beta of -0.06. The stock has a 50 day moving average of $46.21 and a 200-day moving average of $48.25.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Insider Buying and Selling

In related 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 value 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 this link. Company 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.