Bank of New York Mellon Corp Sells 175,598 Shares of General Mills, Inc. $GIS

Bank of New York Mellon Corp decreased its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,627,362 shares of the company’s stock after selling 175,598 shares during the period. Bank of New York Mellon Corp’s holdings in General Mills were worth $135,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GIS. Peninsula Asset Management Inc. bought a new stake in shares of General Mills during the first quarter valued at approximately $205,000. Geneos Wealth Management Inc. increased its stake in shares of General Mills by 24.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,659 shares of the company’s stock valued at $397,000 after buying an additional 2,104 shares during the period. MASTERINVEST Kapitalanlage GmbH increased its stake in shares of General Mills by 21.1% in the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 39,022 shares of the company’s stock valued at $1,452,000 after buying an additional 6,789 shares during the period. Signet Financial Management LLC raised its position in shares of General Mills by 29.6% during the first quarter. Signet Financial Management LLC now owns 16,864 shares of the company’s stock worth $628,000 after acquiring an additional 3,853 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of General Mills by 163.4% during the first quarter. Sanctuary Advisors LLC now owns 81,014 shares of the company’s stock worth $3,015,000 after acquiring an additional 50,258 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the topic of several recent research reports. Morgan Stanley decreased their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 5th. BNP Paribas Exane boosted their price objective on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Jefferies Financial Group boosted their price objective on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, General Mills currently has an average rating of “Reduce” and a consensus target price of $39.16.

Insider Transactions at General Mills

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the transaction, the insider owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.30% of the company’s stock.

General Mills News Roundup

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills’ Totino’s brand launched new Pizza Rolls and Ultimate Pizza flavors nationwide, which could support sales by refreshing its snack lineup and driving consumer interest. Totino’s™ Brings Fan-Favorite Snack Hacks to Life with New Pizza Rolls™ and Ultimate Pizza™ Flavors
• Positive Sentiment: Zacks Research raised some longer-term earnings estimates for GIS, including Q4 2028, FY2028, and FY2029, suggesting the company may still have earnings power beyond the near term. General Mills stock page
• Positive Sentiment: General Mills’ role in a regenerative agriculture partnership with Walmart and ADM could improve long-term sourcing resilience and reinforce its sustainability story. Is Walmart’s Regenerative Farming Push Reshaping Its Supply Chain Edge And Brand Story (WMT)?

General Mills Stock Up 0.1%

Shares of GIS stock opened at $38.00 on Monday. The firm has a fifty day moving average of $34.65 and a 200-day moving average of $39.01. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $51.68. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of -211.09 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.80 by $0.15. The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, July 10th. General Mills’s payout ratio is -1,355.56%.

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.