Brookstone Capital Management Has $12.12 Million Stock Position in General Mills, Inc. $GIS

Brookstone Capital Management lifted its holdings in General Mills, Inc. (NYSE:GIS) by 16.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 240,400 shares of the company’s stock after acquiring an additional 33,479 shares during the quarter. Brookstone Capital Management’s holdings in General Mills were worth $12,121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Garde Capital Inc. boosted its holdings in General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the period. Armstrong Advisory Group Inc. bought a new stake in shares of General Mills in the second quarter valued at approximately $32,000. GKV Capital Management Co. Inc. acquired a new stake in General Mills during the first quarter worth approximately $34,000. Pingora Partners LLC increased its stake in General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares during the period. Finally, Traub Capital Management LLC acquired a new position in General Mills in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Stifel Nicolaus reduced their price objective on shares of General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. TD Cowen decreased their target price on shares of General Mills from $48.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, December 15th. HSBC cut their price target on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a report on Thursday, September 18th. Finally, UBS Group reissued a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $53.44.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

General Mills Stock Performance

Shares of General Mills stock opened at $47.00 on Friday. The company’s 50 day moving average price is $47.13 and its two-hundred day moving average price is $49.36. The firm has a market capitalization of $25.08 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.88 and a beta of -0.07. General Mills, Inc. has a fifty-two week low of $45.15 and a fifty-two week high of $67.35. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company 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 company earned $1.40 EPS. General Mills’s revenue 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. On average, equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, January 9th. General Mills’s payout ratio is 52.47%.

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.