Alps Advisors Inc. Purchases 48,815 Shares of General Mills, Inc. $GIS

Alps Advisors Inc. boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 10.8% in the third quarter, Holdings Channel reports. The firm owned 501,189 shares of the company’s stock after purchasing an additional 48,815 shares during the period. Alps Advisors Inc.’s holdings in General Mills were worth $25,270,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Guardian Wealth Advisors LLC raised its stake in General Mills by 2.7% during the 2nd quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock worth $409,000 after buying an additional 209 shares during the period. Austin Private Wealth LLC increased its holdings in shares of General Mills by 5.0% in the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock worth $224,000 after acquiring an additional 211 shares in the last quarter. Retirement Planning Co of New England Inc. raised its position in shares of General Mills by 4.2% during the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after purchasing an additional 219 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of General Mills by 1.3% during the second quarter. Concurrent Investment Advisors LLC now owns 17,001 shares of the company’s stock worth $881,000 after purchasing an additional 226 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after purchasing an additional 226 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred on 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. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Evercore reiterated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Jefferies Financial Group lowered their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Stifel Nicolaus cut 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 report on Thursday, December 11th. Finally, Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.33.

General Mills Stock Down 1.0%

GIS stock opened at $47.91 on Friday. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 10.30 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 business has a 50 day moving average price of $45.89 and a two-hundred day moving average price of $47.86. 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 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 net margin of 13.51% and a return on equity of 21.41%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company posted $1.40 earnings per share. The company’s revenue for the quarter 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. Analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. General Mills’s dividend payout ratio (DPR) 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.