Cerity Partners LLC Has $16.63 Million Stock Position in General Mills, Inc. $GIS

Cerity Partners LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 329,729 shares of the company’s stock after purchasing an additional 19,598 shares during the period. Cerity Partners LLC’s holdings in General Mills were worth $16,625,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GIS. Garde Capital Inc. raised its position in shares of 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 buying an additional 264 shares in the last quarter. Davis Capital Management acquired a new stake in shares of General Mills during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. bought a new position in General Mills in the second quarter valued at approximately $32,000. Salomon & Ludwin LLC raised 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 purchasing an additional 591 shares in the last quarter. Finally, Financial Consulate Inc. bought a new stake in General Mills during the third quarter worth $32,000. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Mills 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 transaction of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of several recent analyst reports. UBS Group reiterated a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Evercore ISI restated a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Finally, Cowen reaffirmed a “hold” rating on shares of General Mills in a report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus price target of $53.33.

General Mills Stock Performance

Shares of General Mills stock opened at $44.60 on Friday. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.82 and a beta of -0.06. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35. The company’s fifty day moving average is $46.57 and its 200 day moving average is $48.73. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last announced its 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. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $1.40 EPS. The business’s quarterly 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. Sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be issued a $0.61 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.5%. General Mills’s dividend payout ratio is presently 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.