General Mills, Inc. $GIS Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 74.2% during the third quarter, Holdings Channel reports. The fund owned 21,025 shares of the company’s stock after selling 60,431 shares during the quarter. Boston Trust Walden Corp’s holdings in General Mills were worth $1,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Garde Capital Inc. lifted 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 in the last quarter. Pingora Partners LLC grew its holdings in shares of General Mills by 416.7% during the first quarter. Pingora Partners LLC now owns 620 shares of the company’s stock worth $37,000 after buying an additional 500 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of General Mills during the second quarter worth about $32,000. Traub Capital Management LLC acquired a new position in shares of General Mills in the second quarter valued at approximately $46,000. Finally, Interchange Capital Partners LLC purchased a new position in shares of General Mills during the second quarter valued at approximately $48,000. Hedge funds and other 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 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 sale, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Mizuho lowered their target price on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, September 19th. Cowen reaffirmed a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their price target on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.44.

General Mills Trading Down 0.5%

Shares of GIS opened at $46.67 on Wednesday. The stock’s fifty day simple moving average is $47.03 and its 200 day simple moving average is $49.14. General Mills, Inc. has a twelve month low of $45.15 and a twelve 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. The firm has a market capitalization of $24.90 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.87 and a beta of -0.07.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

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

General Mills Company 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.