Peak Retirement Planning Inc. Acquires 11,998 Shares of General Mills, Inc. $GIS

Peak Retirement Planning Inc. grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 51.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,453 shares of the company’s stock after acquiring an additional 11,998 shares during the quarter. Peak Retirement Planning Inc.’s holdings in General Mills were worth $1,788,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in General Mills in the second quarter valued at about $417,508,000. Worldquant Millennium Advisors LLC purchased a new position in shares of General Mills in the second quarter worth approximately $84,862,000. Nordea Investment Management AB grew its position in General Mills by 15.9% during the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after buying an additional 1,368,041 shares during the period. First Trust Advisors LP raised its position in General Mills by 67.8% in the second quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock worth $114,682,000 after acquiring an additional 894,633 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of General Mills by 57.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,410,009 shares of the company’s stock valued at $124,863,000 after acquiring an additional 880,090 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is owned by insiders.

General Mills Trading Down 1.4%

Shares of General Mills stock opened at $45.60 on Tuesday. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $45.84 and a 200-day moving average price of $47.91. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 9.81 and a beta of -0.06.

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 analyst estimates of $4.78 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 5.4%. General Mills’s dividend payout ratio (DPR) is 52.47%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Sanford C. Bernstein set a $54.00 price target on General Mills and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Morgan Stanley set a $47.00 price objective on shares of General Mills and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Wells Fargo & Company dropped their target price on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price target on shares of General Mills in a research note on Thursday, December 18th. Finally, Jefferies Financial Group lowered their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.33.

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.