Toth Financial Advisory Corp trimmed its stake in General Mills, Inc. (NYSE:GIS – Free Report) by 20.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,142 shares of the company’s stock after selling 11,911 shares during the quarter. Toth Financial Advisory Corp’s holdings in General Mills were worth $2,276,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of GIS. Norges Bank acquired a new position in shares of General Mills in the 2nd quarter valued at $417,508,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of General Mills during the 2nd quarter worth $84,862,000. First Trust Advisors LP raised its position in shares of General Mills by 67.8% in the 2nd quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock worth $114,682,000 after buying an additional 894,633 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of General Mills by 57.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,410,009 shares of the company’s stock worth $124,863,000 after buying an additional 880,090 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in General Mills by 8.1% in the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock valued at $589,814,000 after acquiring an additional 741,432 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.
General Mills Price Performance
GIS stock opened at $47.85 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a 1 year low of $45.15 and a 1 year high of $67.35. The firm has a market cap of $25.53 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.91 and a beta of -0.07. The stock has a 50-day simple moving average of $47.21 and a 200-day simple moving average of $49.57.
General Mills Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s dividend payout ratio is presently 46.12%.
Key Headlines Impacting General Mills
Here are the key news stories impacting General Mills this week:
- Positive Sentiment: Quarterly beat — General Mills topped estimates on earnings and sales, with management citing resilient demand for packaged foods, which helped the print outperform expectations. General Mills surpasses quarterly expectations
- Positive Sentiment: Investor takeaway: signs of operational progress — Coverage highlights that results include early signs of momentum from new launches and cost actions, which some investors view as constructive for medium-term recovery. General Mills Stock Rises on Earnings
- Positive Sentiment: Organic sales held up better than feared — Management said organic sales didn’t decline as much as some expected, reducing downside risk to demand trajectory. Organic sales don’t fall as much
- Neutral Sentiment: Analyst stance largely cautious but steady — Bernstein kept a Market Perform rating, reflecting a wait-and-see view: results were mixed enough that upgrades are unlikely near-term. Bernstein maintains Market Perform
- Neutral Sentiment: Earnings call provided color but confirmed mixed picture — The prepared remarks and call highlighted initiatives (pricing, innovation) but flagged ongoing headwinds in volumes and promotions. Earnings call transcript
- Negative Sentiment: Volumes remain under pressure despite pricing and new products — Analysts note that unit volumes are still declining, limiting sustainable top-line growth and implying continued reliance on promotions or price cuts. GIS Q4 Deep Dive: Volumes Remain Under Pressure
- Negative Sentiment: Margin and profit pressure from price cuts — Coverage indicates the company has cut prices to drive demand, which helped sales but reduced profitability this quarter. General Mills Is Cutting Prices on Food
- Negative Sentiment: Analyst downgrades and bearish takeaways — Some firms and commentators have trimmed forecasts or argued promotional dependence and margin risk justify cautious or sell ratings, keeping near-term sentiment pressured. Analyst sell rating coverage
Analyst Upgrades and Downgrades
Several equities research analysts have commented on GIS shares. UBS Group restated a “sell” rating on shares of General Mills in a research note on Friday. Sanford C. Bernstein set a $54.00 target price on General Mills in a report on Thursday. Cowen reissued a “hold” rating on shares of General Mills in a research report on Monday. Mizuho cut their price target on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 19th. Finally, Stifel Nicolaus reduced their price target 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. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.50.
View Our Latest Analysis on GIS
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.
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