Palouse Capital Management Inc. Decreases Stock Holdings in General Mills, Inc. $GIS

Palouse Capital Management Inc. lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 32.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,339 shares of the company’s stock after selling 16,201 shares during the quarter. Palouse Capital Management Inc.’s holdings in General Mills were worth $1,731,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho reduced their price objective on General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Evercore ISI reaffirmed a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, HSBC cut their price objective on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, September 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.33.

General Mills Trading Up 2.3%

Shares of GIS stock opened at $43.92 on Friday. 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 has a fifty day simple moving average of $46.61 and a two-hundred day simple moving average of $48.79. The firm has a market capitalization of $23.44 billion, a PE ratio of 9.45, a PEG ratio of 0.80 and a beta of -0.06. General Mills, Inc. has a 52-week low of $42.78 and a 52-week high of $67.35.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.6%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

General Mills 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.