Capital Research Global Investors Sells 115,383 Shares of General Mills, Inc. $GIS

Capital Research Global Investors trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,985,454 shares of the company’s stock after selling 115,383 shares during the quarter. Capital Research Global Investors’ holdings in General Mills were worth $150,527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in shares of General Mills by 16.1% in the 2nd quarter. Savant Capital LLC now owns 35,176 shares of the company’s stock worth $1,822,000 after purchasing an additional 4,891 shares during the period. ProShare Advisors LLC raised its holdings in General Mills by 7.1% during the 2nd quarter. ProShare Advisors LLC now owns 129,137 shares of the company’s stock valued at $6,691,000 after buying an additional 8,591 shares during the period. Allworth Financial LP lifted its position in General Mills by 6.0% in the second quarter. Allworth Financial LP now owns 23,246 shares of the company’s stock worth $1,204,000 after buying an additional 1,312 shares during the last quarter. Vise Technologies Inc. bought a new stake in General Mills in the second quarter worth $910,000. Finally, VeraBank N.A. boosted its stake in General Mills by 47.7% during the second quarter. VeraBank N.A. now owns 5,917 shares of the company’s stock worth $307,000 after buying an additional 1,910 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GIS. Bank of America cut shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Monday, February 23rd. Mizuho set a $47.00 price target on shares of General Mills in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price target on shares of General Mills in a report on Thursday, December 18th. Barclays reduced their price objective on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Morgan Stanley decreased their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.11.

General Mills Trading Down 3.8%

GIS opened at $40.66 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The stock’s fifty day moving average is $45.24 and its two-hundred day moving average is $47.16. The company has a market capitalization of $21.70 billion, a P/E ratio of 8.74 and a beta of -0.05. General Mills, Inc. has a 52 week low of $40.48 and a 52 week high of $62.61.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping 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 analysts’ expectations of $4.78 billion. During the same period in the prior year, the business earned $1.40 EPS. The business’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. Analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.61 dividend. 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 6.0%. General Mills’s dividend payout ratio is 52.47%.

About General Mills

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.