KLP Kapitalforvaltning AS Grows Position in General Mills, Inc. $GIS

KLP Kapitalforvaltning AS grew its position in General Mills, Inc. (NYSE:GIS) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 732,418 shares of the company’s stock after acquiring an additional 52,800 shares during the quarter. KLP Kapitalforvaltning AS owned 0.14% of General Mills worth $36,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. increased its position in General Mills by 5.0% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,184 shares of the company’s stock worth $217,000 after purchasing an additional 200 shares during the last quarter. J2 Capital Management Inc grew its stake in shares of General Mills by 3.1% in the 2nd quarter. J2 Capital Management Inc now owns 6,846 shares of the company’s stock worth $355,000 after buying an additional 203 shares in the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of General Mills by 5.0% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 4,414 shares of the company’s stock worth $229,000 after buying an additional 209 shares during the last quarter. Guardian Wealth Advisors LLC raised its position in shares of General Mills by 2.7% during the 2nd quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock valued at $409,000 after buying an additional 209 shares in the last quarter. Finally, Austin Private Wealth LLC lifted its holdings in shares of General Mills by 5.0% in the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after acquiring an additional 211 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

Shares of General Mills stock opened at $42.97 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The stock’s fifty day moving average is $46.68 and its two-hundred day moving average is $48.83. General Mills, Inc. has a 52 week low of $42.94 and a 52 week high of $67.35. The company has a market capitalization of $22.93 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.82 and a beta of -0.06.

General Mills (NYSE:GIS) last issued 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 firm had revenue of $4.86 billion during 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 business’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. 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 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 paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, January 9th. General Mills’s dividend payout ratio is currently 52.47%.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Evercore ISI reissued a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. UBS Group reissued a “sell” rating on shares of General Mills in a research report on Friday, December 19th. TD Cowen lowered their price target on General Mills from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Wells Fargo & Company reduced their target price on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

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.