PNC Financial Services Group Inc. Buys 253,069 Shares of General Mills, Inc. $GIS

PNC Financial Services Group Inc. raised its stake in General Mills, Inc. (NYSE:GIS) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,679,768 shares of the company’s stock after acquiring an additional 253,069 shares during the quarter. PNC Financial Services Group Inc. owned about 0.31% of General Mills worth $84,694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GIS. Guardian Wealth Advisors LLC lifted its holdings in General Mills by 2.7% during the 2nd quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock worth $409,000 after purchasing an additional 209 shares during the last quarter. Austin Private Wealth LLC boosted its position in shares of General Mills by 5.0% in the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after acquiring an additional 211 shares during the period. Retirement Planning Co of New England Inc. grew its stake in shares of General Mills by 4.2% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after acquiring an additional 219 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in General Mills by 0.7% during the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after acquiring an additional 226 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in General Mills by 2.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,942 shares of the company’s stock worth $619,000 after purchasing an additional 230 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Down 0.5%

Shares of General Mills stock opened at $48.32 on Monday. The firm’s 50 day moving average is $46.12 and its 200 day moving average is $47.78. The firm has a market capitalization of $25.78 billion, a PE ratio of 10.39 and a beta of -0.06. General Mills, Inc. has a 1 year low of $42.78 and a 1 year 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.

General Mills (NYSE:GIS) last issued its earnings results 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. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

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

Insider Activity at General Mills

In other 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 value of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley set a $47.00 target price on shares of General Mills and gave the stock an “underweight” rating in a research report on Wednesday, December 17th. Evercore reissued a “positive” rating on shares of General Mills in a research report on Thursday, December 18th. Jefferies Financial Group dropped their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Finally, Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.