J. Safra Sarasin Holding AG Acquires 20,607 Shares of General Mills, Inc. $GIS

J. Safra Sarasin Holding AG boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 380.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,017 shares of the company’s stock after purchasing an additional 20,607 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in General Mills were worth $1,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of General Mills by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock valued at $3,592,828,000 after acquiring an additional 581,045 shares during the last quarter. State Street Corp raised its position in General Mills by 0.8% during the second quarter. State Street Corp now owns 33,572,271 shares of the company’s stock valued at $1,739,379,000 after purchasing an additional 250,113 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of General Mills by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after purchasing an additional 265,870 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of General Mills by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock worth $786,954,000 after purchasing an additional 170,587 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of General Mills by 15.9% during the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after purchasing an additional 1,368,041 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Down 0.8%

Shares of GIS opened at $44.34 on Thursday. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 9.54 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35. The company has a 50-day moving average of $45.98 and a 200 day moving average of $48.03.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 17th. The company reported $1.10 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 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 company’s revenue for the quarter 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, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. General Mills’s payout ratio is 52.47%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GIS. Piper Sandler restated an “overweight” rating and issued a $60.00 price target on shares of General Mills in a research report on Thursday, December 18th. Jefferies Financial Group reduced their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 price target on shares of General Mills in a research note on Thursday, December 18th. TD Cowen reissued a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Finally, UBS Group reissued a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and a consensus price target 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.