Sienna Gestion Has $273,000 Stock Position in General Mills, Inc. $GIS

Sienna Gestion decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 92.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,949 shares of the company’s stock after selling 75,687 shares during the quarter. Sienna Gestion’s holdings in General Mills were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of General Mills in the 2nd quarter valued at approximately $417,508,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of General Mills during the 2nd quarter worth approximately $84,862,000. Diamond Hill Capital Management Inc. increased its stake in General Mills by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock valued at $384,625,000 after acquiring an additional 1,383,913 shares during the last quarter. Nordea Investment Management AB increased its stake in General Mills by 15.9% in the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after acquiring an additional 1,368,041 shares during the last quarter. Finally, First Trust Advisors LP raised its position in General Mills by 67.8% during the second quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock valued at $114,682,000 after purchasing an additional 894,633 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business’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 transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

General Mills Stock Performance

NYSE:GIS opened at $44.29 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. 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 50 day simple moving average of $45.52 and a two-hundred day simple moving average of $47.30. The company has a market capitalization of $23.63 billion, a PE ratio of 9.52 and a beta of -0.05.

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. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. Zacks Research cut General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Bank of America downgraded General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Monday, February 23rd. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Evercore set a $45.00 target price on General Mills in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.42.

General Mills 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.