SG Americas Securities LLC Cuts Stock Holdings in General Mills, Inc. $GIS

SG Americas Securities LLC trimmed its stake in General Mills, Inc. (NYSE:GIS) by 69.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,950 shares of the company’s stock after selling 138,770 shares during the period. SG Americas Securities LLC’s holdings in General Mills were worth $3,073,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Modern Wealth Management LLC increased its holdings in shares of General Mills by 6.9% in the 1st quarter. Modern Wealth Management LLC now owns 4,075 shares of the company’s stock worth $244,000 after buying an additional 262 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of General Mills during the 2nd quarter worth $222,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of General Mills by 116.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,381 shares of the company’s stock worth $72,000 after acquiring an additional 743 shares during the last quarter. Wesbanco Bank Inc. grew its position in General Mills by 6.5% in the second quarter. Wesbanco Bank Inc. now owns 75,061 shares of the company’s stock worth $3,889,000 after acquiring an additional 4,612 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in General Mills by 17.8% in the second quarter. Parallel Advisors LLC now owns 17,263 shares of the company’s stock worth $894,000 after acquiring an additional 2,609 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Down 2.5%

Shares of GIS stock opened at $43.49 on Tuesday. The business has a 50-day moving average of $46.51 and a 200 day moving average of $48.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35. The stock has a market capitalization of $23.20 billion, a PE ratio of 9.35 and a beta of -0.06.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.6%. General Mills’s dividend payout ratio is presently 52.47%.

Analysts Set New Price Targets

A number of research firms have weighed in on GIS. HSBC lowered their price target on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. UBS Group reiterated a “sell” rating on shares of General Mills in a research report on Friday, December 19th. TD Cowen dropped their target price 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. Jefferies Financial Group cut their target price on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Finally, Evercore ISI reissued a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Five 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. Based on data from MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $53.33.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction on 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 owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

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.