21,210 Shares in General Mills, Inc. $GIS Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new stake in General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,210 shares of the company’s stock, valued at approximately $1,069,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Close Asset Management Ltd acquired a new position in General Mills in the 3rd quarter worth $28,000. Davis Capital Management purchased a new stake in shares of General Mills during the third quarter worth about $29,000. Salomon & Ludwin LLC lifted its stake 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 acquiring an additional 591 shares in the last quarter. Financial Consulate Inc. purchased a new position in General Mills in the third quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. grew its stake in General Mills by 343.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock valued at $39,000 after purchasing an additional 605 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on GIS. Morgan Stanley cut their price target on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Barclays cut their target price on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. TD Cowen reduced their price target on shares of General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings lowered General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Finally, UBS Group set a $46.00 price objective on General Mills in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.42.

Insiders Place Their Bets

In other General Mills 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 in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

General Mills Stock Performance

GIS stock opened at $45.21 on Friday. General Mills, Inc. has a 1 year low of $42.78 and a 1 year high of $67.35. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 9.72 and a beta of -0.06. 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’s fifty day moving average is $45.80 and its two-hundred day moving average is $47.52.

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 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 firm 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 firm posted $1.40 EPS. General Mills’s quarterly 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 predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

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.