General Mills, Inc. $GIS Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC trimmed its stake in General Mills, Inc. (NYSE:GIS) by 86.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,604 shares of the company’s stock after selling 50,635 shares during the quarter. Oxbow Advisors LLC’s holdings in General Mills were worth $383,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GIS. U.S. Capital Wealth Advisors LLC increased its stake in shares of General Mills by 4.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 5,145 shares of the company’s stock valued at $267,000 after purchasing an additional 234 shares during the period. TD Private Client Wealth LLC grew its holdings in General Mills by 29.1% in the 2nd quarter. TD Private Client Wealth LLC now owns 6,347 shares of the company’s stock worth $329,000 after buying an additional 1,431 shares in the last quarter. Novem Group acquired a new stake in General Mills in the 2nd quarter valued at approximately $905,000. Kathmere Capital Management LLC raised its stake in General Mills by 3.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 10,082 shares of the company’s stock valued at $522,000 after acquiring an additional 310 shares in the last quarter. Finally, Signaturefd LLC boosted its position in General Mills by 37.1% during the 2nd quarter. Signaturefd LLC now owns 23,460 shares of the company’s stock worth $1,215,000 after acquiring an additional 6,343 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

NYSE:GIS opened at $44.56 on Friday. The company has a 50-day moving average of $46.16 and a 200-day moving average of $48.17. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 9.58 and a beta of -0.06. 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 released its 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 business 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 quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, January 9th. General Mills’s payout ratio is presently 52.47%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the sale, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on GIS. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the company an “outperform” rating in a report on Wednesday, December 17th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. TD Cowen reaffirmed a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Finally, Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the company a “market perform” rating in a research note on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.33.

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.