Raiffeisen Bank International AG Sells 94,831 Shares of General Mills, Inc. $GIS

Raiffeisen Bank International AG trimmed its holdings in shares of General Mills, Inc. (NYSE:GISFree Report) by 41.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,058 shares of the company’s stock after selling 94,831 shares during the period. Raiffeisen Bank International AG’s holdings in General Mills were worth $6,657,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Guardian Wealth Advisors LLC increased its holdings in General Mills by 2.7% in the 2nd quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock worth $409,000 after buying an additional 209 shares in the last quarter. Austin Private Wealth LLC lifted its stake in General Mills by 5.0% during the 3rd 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. boosted its holdings in shares of General Mills by 4.2% during the 3rd 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 during the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of General Mills by 0.7% in 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, AlphaCore Capital LLC raised its holdings in shares of General Mills by 10.9% during the second quarter. AlphaCore Capital LLC now owns 2,343 shares of the company’s stock valued at $121,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GIS shares. TD Cowen dropped their target price on shares of General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the company an “outperform” rating in a report on Wednesday, December 17th. UBS Group set a $46.00 price objective on General Mills in a report on Friday, February 13th. Piper Sandler reduced their price objective on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Barclays dropped their target price on General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus price target of $51.37.

Read Our Latest Research Report on General Mills

General Mills Stock Performance

Shares of GIS opened at $44.63 on Friday. The business has a 50-day simple moving average of $46.08 and a two-hundred day simple moving average of $47.68. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 9.60 and a beta of -0.06.

General Mills (NYSE:GISGet Free Report) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) 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 company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm’s 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. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Key Headlines Impacting General Mills

Here are the key news stories impacting General Mills this week:

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the company’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 completion of the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

About General Mills

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.