Healthcare of Ontario Pension Plan Trust Fund Lowers Position in General Mills, Inc. $GIS

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of General Mills, Inc. (NYSE:GIS) by 32.7% during the 1st quarter, HoldingsChannel reports. The firm owned 1,389,526 shares of the company’s stock after selling 675,560 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in General Mills were worth $51,718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in General Mills by 1.9% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock worth $565,000 after purchasing an additional 225 shares in the last quarter. Allegheny Financial Group lifted its position in General Mills by 4.8% during the fourth quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock valued at $228,000 after buying an additional 226 shares during the period. Stonebridge Capital Advisors LLC boosted its holdings in shares of General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of General Mills by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock worth $320,000 after buying an additional 247 shares during the period. Finally, Montag A & Associates Inc. increased its stake in shares of General Mills by 5.7% in the 4th quarter. Montag A & Associates Inc. now owns 4,648 shares of the company’s stock worth $216,000 after acquiring an additional 249 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the sale, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on GIS. UBS Group set a $33.00 price objective on shares of General Mills in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. BTIG Research initiated coverage on General Mills in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Bank of America upped their price target on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Reduce” and an average price target of $39.16.

General Mills Trading Up 1.7%

General Mills stock opened at $36.16 on Friday. The business’s fifty day moving average is $34.97 and its 200 day moving average is $38.72. General Mills, Inc. has a one year low of $31.75 and a one year high of $51.33. The stock has a market capitalization of $19.30 billion, a PE ratio of -200.86 and a beta of -0.03. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. General Mills’s revenue for the quarter was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, July 10th. General Mills’s payout ratio is -1,355.56%.

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.