Voya Investment Management LLC Sells 37,254 Shares of General Mills, Inc. $GIS

Voya Investment Management LLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,764 shares of the company’s stock after selling 37,254 shares during the quarter. Voya Investment Management LLC’s holdings in General Mills were worth $5,988,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in General Mills by 0.8% in the second quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock worth $3,592,828,000 after purchasing an additional 581,045 shares during the last quarter. State Street Corp grew its position in General Mills by 0.8% in the 2nd quarter. State Street Corp now owns 33,572,271 shares of the company’s stock valued at $1,739,379,000 after acquiring an additional 250,113 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in General Mills by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock worth $1,000,299,000 after purchasing an additional 265,870 shares during the period. Geode Capital Management LLC lifted its position in shares of General Mills by 1.1% during the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock worth $786,954,000 after purchasing an additional 170,587 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of General Mills by 4.8% during the second quarter. Nordea Investment Management AB now owns 8,588,624 shares of the company’s stock valued at $443,173,000 after purchasing an additional 393,135 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

Shares of NYSE:GIS opened at $47.00 on Thursday. The firm has a 50 day moving average of $47.14 and a 200 day moving average of $49.38. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $25.08 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.87 and a beta of -0.07. General Mills, Inc. has a 52 week low of $45.15 and a 52 week high of $67.35.

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. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s payout ratio is currently 52.47%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price target on shares of General Mills in a research note on Thursday, December 18th. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. TD Cowen dropped their price objective on General Mills from $48.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.44.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction 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 sale, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.