Dimensional Fund Advisors LP Sells 362,556 Shares of General Mills, Inc. $GIS

Dimensional Fund Advisors LP lessened its stake in General Mills, Inc. (NYSE:GIS) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,531,129 shares of the company’s stock after selling 362,556 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.22% of General Mills worth $329,256,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GIS. Rock Point Advisors LLC lifted its stake in General Mills by 3.1% in the 3rd quarter. Rock Point Advisors LLC now owns 93,640 shares of the company’s stock worth $4,721,000 after purchasing an additional 2,810 shares in the last quarter. Fiduciary Group LLC lifted its position in shares of General Mills by 8.5% in the third quarter. Fiduciary Group LLC now owns 8,905 shares of the company’s stock worth $449,000 after buying an additional 700 shares in the last quarter. Victory Capital Management Inc. boosted its stake in General Mills by 8.0% during the third quarter. Victory Capital Management Inc. now owns 535,151 shares of the company’s stock valued at $26,982,000 after buying an additional 39,595 shares during the last quarter. Manske Wealth Management grew its holdings in General Mills by 54.9% during the 3rd quarter. Manske Wealth Management now owns 30,477 shares of the company’s stock valued at $1,537,000 after buying an additional 10,801 shares in the last quarter. Finally, Accuvest Global Advisors purchased a new position in General Mills during the 3rd quarter valued at approximately $264,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Up 0.1%

Shares of GIS opened at $43.60 on Friday. The company’s fifty day simple moving average is $45.57 and its 200-day simple moving average is $47.37. The company has a market cap of $23.26 billion, a P/E ratio of 9.38 and a beta of -0.05. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed 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 5.6%. General Mills’s payout ratio is presently 52.47%.

Analyst Ratings Changes

Several analysts have recently issued reports on GIS shares. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Bank of America lowered shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Monday, February 23rd. UBS Group set a $46.00 target price on shares of General Mills in a report on Friday, February 13th. Zacks Research cut shares of General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Barclays dropped their price target on General Mills from $52.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $50.42.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

About General Mills

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.