Candriam S.C.A. Reduces Position in General Mills, Inc. $GIS

Candriam S.C.A. trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 70.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 63,339 shares of the company’s stock after selling 149,923 shares during the quarter. Candriam S.C.A.’s holdings in General Mills were worth $3,194,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of General Mills by 0.8% during the second quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock valued at $3,592,828,000 after buying an additional 581,045 shares during the last quarter. State Street Corp boosted its holdings in General Mills by 0.8% during the 2nd quarter. State Street Corp now owns 33,572,271 shares of the company’s stock valued at $1,739,379,000 after acquiring an additional 250,113 shares during the period. Charles Schwab Investment Management Inc. grew its position in General Mills by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after acquiring an additional 265,870 shares during the last quarter. Geode Capital Management LLC increased its stake in General Mills by 1.1% in the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock worth $786,954,000 after purchasing an additional 170,587 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of General Mills by 15.9% during the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after purchasing an additional 1,368,041 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Morgan Stanley set a $47.00 target price on shares of General Mills and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. TD Cowen reiterated a “hold” rating on shares of General Mills in a report on Monday, December 15th. Finally, Jefferies Financial Group reduced their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.33.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’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 approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

General Mills Stock Performance

Shares of NYSE:GIS opened at $49.00 on Thursday. The firm has a 50 day moving average of $46.02 and a 200 day moving average of $47.81. 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 company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 10.54 and a beta of -0.06. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35.

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

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. General Mills’s payout ratio 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.