TD Asset Management Inc Reduces Position in General Mills, Inc. $GIS

TD Asset Management Inc lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 10.2% in the third quarter, Holdings Channel.com reports. The firm owned 703,877 shares of the company’s stock after selling 80,357 shares during the period. TD Asset Management Inc’s holdings in General Mills were worth $35,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Affinity Investment Advisors LLC purchased a new position in General Mills in the 3rd quarter valued at approximately $260,000. Strata Wealth Advisors LLC purchased a new stake in shares of General Mills during the third quarter worth $306,000. Cowa LLC bought a new position in shares of General Mills in the third quarter worth $227,000. Mufg Securities Americas Inc. grew its position in shares of General Mills by 18.8% in the third quarter. Mufg Securities Americas Inc. now owns 14,419 shares of the company’s stock valued at $727,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Compound Planning Inc. raised its stake in shares of General Mills by 40.6% during the 3rd quarter. Compound Planning Inc. now owns 6,112 shares of the company’s stock valued at $308,000 after purchasing an additional 1,764 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GIS shares. Jefferies Financial Group cut 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. UBS Group set a $46.00 price objective on shares of General Mills in a research report on Friday, February 13th. Evercore set a $45.00 target price on shares of General Mills in a report on Wednesday, February 18th. Wells Fargo & Company lowered their target price on shares of General Mills from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. Finally, Mizuho set a $47.00 price target on shares of General Mills in a report on Monday. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.42.

General Mills Stock Performance

General Mills stock opened at $45.21 on Friday. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The stock has a market cap of $24.12 billion, a P/E ratio of 9.72 and a beta of -0.06. The firm’s fifty day moving average price is $45.80 and its 200-day moving average price is $47.52.

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

General Mills Announces Dividend

The business 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 is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 5.4%. General Mills’s dividend payout ratio is currently 52.47%.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This 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. 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.