Tobam Sells 21,867 Shares of General Mills, Inc. $GIS

Tobam lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 19.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,435 shares of the company’s stock after selling 21,867 shares during the period. General Mills accounts for about 1.7% of Tobam’s portfolio, making the stock its 19th biggest position. Tobam’s holdings in General Mills were worth $4,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of GIS. Todd Asset Management LLC lifted its stake in General Mills by 29.7% during the third quarter. Todd Asset Management LLC now owns 31,608 shares of the company’s stock worth $1,594,000 after purchasing an additional 7,243 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of General Mills by 17.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,679,768 shares of the company’s stock worth $84,694,000 after buying an additional 253,069 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of General Mills by 1.9% during the 3rd quarter. Shell Asset Management Co. now owns 14,548 shares of the company’s stock worth $734,000 after buying an additional 268 shares during the last quarter. HighTower Advisors LLC boosted its stake in General Mills by 3.0% in the third quarter. HighTower Advisors LLC now owns 2,514,013 shares of the company’s stock valued at $126,756,000 after buying an additional 73,607 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in General Mills by 8.4% in the third quarter. Cidel Asset Management Inc. now owns 9,079 shares of the company’s stock valued at $458,000 after acquiring an additional 705 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Down 0.5%

NYSE:GIS opened at $48.32 on Monday. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $25.78 billion, a price-to-earnings ratio of 10.39 and a beta of -0.06. The firm has a fifty day simple moving average of $46.12 and a two-hundred day simple moving average of $47.78.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a $0.61 dividend. 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 payout ratio is 52.47%.

Insider Transactions 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 value of $72,225.00. Following the sale, the insider directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Morgan Stanley set a $47.00 target price on shares of General Mills and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. UBS Group set a $46.00 price target on General Mills in a research note on Friday. Sanford C. Bernstein set a $54.00 price objective on General Mills and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada set a $63.00 target price on General Mills and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, General Mills currently has a consensus rating of “Hold” and an average target price of $53.28.

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.