General Mills, Inc. $GIS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in General Mills, Inc. (NYSE:GIS) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,501,236 shares of the company’s stock after selling 101,472 shares during the quarter. Bank of New York Mellon Corp’s holdings in General Mills were worth $176,532,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GIS. Guardian Wealth Advisors LLC lifted its position in General Mills by 2.7% during the second 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. Austin Private Wealth LLC raised its stake 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 period. Retirement Planning Co of New England Inc. lifted its holdings in shares of General Mills by 4.2% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after acquiring an additional 219 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in General Mills by 1.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,001 shares of the company’s stock worth $881,000 after purchasing an additional 226 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its holdings in General Mills by 0.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of GIS opened at $46.26 on Friday. The firm has a market cap of $24.68 billion, a price-to-earnings ratio of 9.95 and a beta of -0.06. 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 business’s 50 day moving average is $45.87 and its two-hundred day moving average is $47.97. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue was down 7.2% compared to the same quarter last year. During the same quarter 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. Analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is 52.47%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GIS shares. Stifel Nicolaus reduced their price objective on General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley set a $47.00 price target on General Mills and gave the stock an “underweight” rating in a research report on Wednesday, December 17th. Evercore ISI reaffirmed a “positive” rating on shares of General Mills in a research report on Thursday, December 18th. 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. Finally, Wells Fargo & Company decreased their target price on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills has an average rating of “Hold” and an average target price of $53.33.

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.