Wealthfront Advisers LLC Has $14.24 Million Stock Holdings in General Mills, Inc. $GIS

Wealthfront Advisers LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,365 shares of the company’s stock after selling 50,944 shares during the period. Wealthfront Advisers LLC’s holdings in General Mills were worth $14,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GIS. Davis Capital Management bought a new stake in General Mills during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new position in shares of General Mills during the third quarter valued at $32,000. Salomon & Ludwin LLC lifted its holdings in shares of General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of General Mills by 343.8% in the third quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in General Mills in the third quarter valued at $40,000. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the topic of several recent research reports. Stifel Nicolaus cut their target price on General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. UBS Group reaffirmed a “sell” rating on shares of General Mills in a research note on Friday, December 19th. 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 report on Monday, January 5th. 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. Finally, Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the stock a “market perform” rating in a research report 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 company. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $53.33.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

General Mills Price Performance

General Mills stock opened at $48.63 on Wednesday. The stock has a market capitalization of $25.95 billion, a price-to-earnings ratio of 10.46 and a beta of -0.06. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35. 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 stock’s 50 day moving average price is $45.96 and its two-hundred day moving average price is $47.80.

General Mills (NYSE:GIS) last released 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 company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.0%. General Mills’s dividend payout ratio is currently 52.47%.

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.