Welch Group LLC Boosts Position in General Mills, Inc. $GIS

Welch Group LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 822,280 shares of the company’s stock after acquiring an additional 44,578 shares during the period. Welch Group LLC’s holdings in General Mills were worth $41,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kera Capital Partners Inc. acquired a new position in General Mills in the 2nd quarter valued at $222,000. Norges Bank purchased a new stake in shares of General Mills during the second quarter worth $417,508,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of General Mills by 22.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 383,877 shares of the company’s stock worth $19,889,000 after buying an additional 70,800 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of General Mills in the second quarter valued at about $439,000. Finally, CHICAGO TRUST Co NA purchased a new position in shares of General Mills in the second quarter worth about $267,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 0.9%

Shares of General Mills stock opened at $47.41 on Tuesday. The stock has a 50 day moving average of $47.20 and a 200 day moving average of $49.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.89 and a beta of -0.07. General Mills, Inc. has a fifty-two week low of $45.15 and a fifty-two week high of $67.35.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 17th. The company reported $1.10 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 the consensus estimate of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. General Mills’s dividend payout ratio is presently 52.47%.

Wall Street Analysts Forecast Growth

GIS has been the subject of several research reports. Barclays dropped their price objective on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, September 19th. Stifel Nicolaus cut their price target on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Cowen reiterated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Mizuho dropped their target price on General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.44.

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.