HighTower Advisors LLC Has $126.76 Million Position in General Mills, Inc. $GIS

HighTower Advisors LLC lifted its holdings in General Mills, Inc. (NYSE:GIS) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,514,013 shares of the company’s stock after buying an additional 73,607 shares during the period. HighTower Advisors LLC owned about 0.47% of General Mills worth $126,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Davis Capital Management acquired a new stake in General Mills during the 3rd quarter worth about $29,000. Salomon & Ludwin LLC lifted its position in shares of General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares in the last quarter. Financial Consulate Inc. purchased a new position in General Mills during the third quarter valued at approximately $32,000. Physician Wealth Advisors Inc. increased its stake in General Mills by 343.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock valued at $39,000 after buying an additional 605 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in General Mills in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GIS. Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the company an “outperform” rating in a report on Wednesday, December 17th. TD Cowen reissued a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Jefferies Financial Group lowered their target price on General Mills from $50.00 to $47.00 and set a “hold” 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 note on Wednesday, December 17th. Finally, Stifel Nicolaus reduced their price target on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.28.

General Mills Price Performance

Shares of NYSE:GIS opened at $48.32 on Monday. The stock has a market capitalization of $25.78 billion, a P/E ratio of 10.39 and a beta of -0.06. The business has a 50-day moving average of $46.12 and a two-hundred day moving average of $47.78. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. 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 (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the business earned $1.40 EPS. The firm’s revenue 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 fiscal year.

General Mills Announces Dividend

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

Insider Transactions 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 transaction of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by company insiders.

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.