Grantham Mayo Van Otterloo & Co. LLC Decreases Holdings in General Mills, Inc. $GIS

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 18.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,476 shares of the company’s stock after selling 45,804 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in General Mills were worth $10,411,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GIS. Close Asset Management Ltd bought a new position in shares of General Mills during the 3rd quarter valued at approximately $28,000. Davis Capital Management purchased a new position in General Mills during the third quarter worth $29,000. Salomon & Ludwin LLC increased its position in General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after acquiring an additional 591 shares during the last quarter. Financial Consulate Inc. purchased a new stake in shares of General Mills in the third quarter valued at $32,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of General Mills by 343.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock worth $39,000 after acquiring an additional 605 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the topic of several analyst reports. Sanford C. Bernstein cut their price target 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. TD Cowen cut their target price on General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings lowered General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Jefferies Financial Group cut their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Piper Sandler decreased their target price on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.42.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

General Mills Trading Down 1.9%

GIS opened at $43.43 on Tuesday. 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 $45.45 and its two-hundred day moving average is $47.26. The company has a market capitalization of $23.17 billion, a P/E ratio of 9.34 and a beta of -0.05. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35.

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. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. 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 announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is presently 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.