Vaughan David Investments LLC IL Sells 58,952 Shares of General Mills, Inc. $GIS

Vaughan David Investments LLC IL cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 35.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,049 shares of the company’s stock after selling 58,952 shares during the quarter. Vaughan David Investments LLC IL’s holdings in General Mills were worth $5,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Inscription Capital LLC raised its position in General Mills by 19.7% during the third quarter. Inscription Capital LLC now owns 5,161 shares of the company’s stock valued at $260,000 after purchasing an additional 849 shares in the last quarter. Root Financial Partners LLC purchased a new stake in General Mills in the third quarter worth approximately $40,000. Arkadios Wealth Advisors grew its position in General Mills by 3.7% during the third quarter. Arkadios Wealth Advisors now owns 61,805 shares of the company’s stock valued at $3,116,000 after acquiring an additional 2,205 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of General Mills in the 3rd quarter worth approximately $483,000. Finally, Verdence Capital Advisors LLC boosted its stake in shares of General Mills by 2.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 23,423 shares of the company’s stock valued at $1,131,000 after purchasing an additional 538 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

GIS opened at $44.60 on Tuesday. 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 has a market capitalization of $23.80 billion, a PE ratio of 9.56 and a beta of -0.06. The stock’s 50 day moving average price is $46.37 and its 200-day moving average price is $48.37. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35.

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

General Mills Dividend Announcement

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

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on GIS. Jefferies Financial Group decreased their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Evercore ISI restated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price target on shares of General Mills in a research note on Thursday, December 18th. Finally, Wells Fargo & Company dropped their price objective on 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, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.