Mitsubishi UFJ Asset Management Co. Ltd. Buys 53,888 Shares of General Mills, Inc. $GIS

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,123,894 shares of the company’s stock after purchasing an additional 53,888 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in General Mills were worth $56,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GIS. North Star Investment Management Corp. grew its position in General Mills by 255.8% in the 3rd quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock valued at $3,015,000 after purchasing an additional 42,986 shares during the period. Norges Bank bought a new position in shares of General Mills in the second quarter valued at $417,508,000. AE Wealth Management LLC grew its holdings in shares of General Mills by 7.7% during the third quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock valued at $17,445,000 after buying an additional 24,688 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of General Mills by 22.2% during 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 buying an additional 1,383,913 shares during the last quarter. Finally, Philip James Wealth Mangement LLC increased its position in shares of General Mills by 55.0% during the third quarter. Philip James Wealth Mangement LLC now owns 208,155 shares of the company’s stock worth $10,495,000 after acquiring an additional 73,877 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

General Mills Stock Performance

Shares of GIS opened at $45.21 on Friday. The stock has a 50 day moving average of $45.80 and a 200 day moving average of $47.51. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of 9.72 and a beta of -0.06. General Mills, Inc. has a 12 month low of $42.78 and a 12 month 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.

General Mills (NYSE:GIS) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed 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. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.47%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GIS. Barclays dropped their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wells Fargo & Company lowered their price target on General Mills from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, Sanford C. Bernstein cut their price objective on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average 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.