AE Wealth Management LLC Acquires 24,688 Shares of General Mills, Inc. $GIS

AE Wealth Management LLC boosted its holdings in General Mills, Inc. (NYSE:GIS) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 346,005 shares of the company’s stock after buying an additional 24,688 shares during the period. AE Wealth Management LLC’s holdings in General Mills were worth $17,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Davis Capital Management acquired a new position in shares of General Mills in the 3rd quarter valued at $29,000. Financial Consulate Inc. acquired a new stake in shares of General Mills during the third quarter worth $32,000. Salomon & Ludwin LLC increased its holdings in General Mills by 1,094.4% in 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 during the last quarter. Root Financial Partners LLC bought a new stake in General Mills in the third quarter valued at about $40,000. Finally, Traub Capital Management LLC acquired a new position in General Mills in the second quarter valued at about $46,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Wells Fargo & Company reduced their price objective on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Piper Sandler restated an “overweight” rating and set a $60.00 price objective on shares of General Mills in a report on Thursday, December 18th. Sanford C. Bernstein set a $54.00 target price on shares of General Mills and gave the stock a “market perform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average target price of $53.33.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

General Mills Stock Performance

Shares of GIS opened at $44.41 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35. The firm’s 50 day moving average price is $45.91 and its two-hundred day moving average price is $48.00. The firm has a market cap of $23.70 billion, a P/E ratio of 9.55 and a beta of -0.06.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The firm’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, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. General Mills’s dividend payout ratio (DPR) is currently 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.