US Bancorp DE Sells 62,897 Shares of General Mills, Inc. $GIS

US Bancorp DE lowered its holdings in General Mills, Inc. (NYSE:GIS) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,777,580 shares of the company’s stock after selling 62,897 shares during the period. US Bancorp DE’s holdings in General Mills were worth $89,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MAI Capital Management grew its holdings in shares of General Mills by 1.3% in the 3rd quarter. MAI Capital Management now owns 38,836 shares of the company’s stock valued at $1,958,000 after acquiring an additional 502 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in General Mills by 9.8% during the third quarter. Cary Street Partners Financial LLC now owns 9,180 shares of the company’s stock valued at $463,000 after purchasing an additional 817 shares during the last quarter. Affinity Investment Advisors LLC bought a new position in General Mills in the third quarter valued at approximately $260,000. Strata Wealth Advisors LLC bought a new position in General Mills in the third quarter valued at approximately $306,000. Finally, Cowa LLC acquired a new position in shares of General Mills during the 3rd quarter worth approximately $227,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GIS shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. UBS Group set a $46.00 price target on shares of General Mills in a research note on Friday, February 13th. Zacks Research lowered shares of General Mills from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. 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, February 18th. Finally, Piper Sandler reduced their price target on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.42.

General Mills Trading Up 0.8%

Shares of NYSE:GIS opened at $44.91 on Friday. The business’s 50 day simple moving average is $45.85 and its 200 day simple moving average is $47.55. General Mills, Inc. has a 1 year low of $42.78 and a 1 year 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. The company has a market capitalization of $23.96 billion, a P/E ratio of 9.66 and a beta of -0.06.

General Mills (NYSE:GIS) last released 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. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $1.40 EPS. The company’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, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm 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 dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.