20,953 Shares in General Mills, Inc. $GIS Bought by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) in the third quarter, HoldingsChannel.com reports. The fund acquired 20,953 shares of the company’s stock, valued at approximately $1,034,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in General Mills during the second quarter valued at about $417,508,000. Worldquant Millennium Advisors LLC bought a new position in shares of General Mills during the second quarter worth $84,862,000. Diamond Hill Capital Management Inc. grew its stake in General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock valued at $384,625,000 after acquiring an additional 1,383,913 shares in the last quarter. Nordea Investment Management AB lifted its stake in General Mills by 15.9% in the 3rd 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 in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of General Mills by 67.8% during the 2nd quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock valued at $114,682,000 after purchasing an additional 894,633 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills 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 transaction, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GIS shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 price target on shares of General Mills in a research report on Thursday, December 18th. Stifel Nicolaus dropped their price objective on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Evercore reaffirmed a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Jefferies Financial Group decreased their price target on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Five investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.28.

General Mills Stock Down 0.5%

Shares of NYSE:GIS opened at $48.32 on Monday. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The stock has a market cap of $25.78 billion, a price-to-earnings ratio of 10.39 and a beta of -0.06. The firm’s 50 day moving average price is $46.12 and its 200 day moving average price is $47.78. 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 released its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities research 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. Investors of record on Friday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 5.0%. General Mills’s payout ratio is presently 52.47%.

General Mills 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.