tru Independence LLC Takes Position in General Mills, Inc. $GIS

tru Independence LLC bought a new position in General Mills, Inc. (NYSE:GIS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 91,125 shares of the company’s stock, valued at approximately $4,595,000.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in General Mills by 8.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 137,175 shares of the company’s stock worth $8,193,000 after purchasing an additional 10,938 shares during the period. NewEdge Advisors LLC lifted its holdings in General Mills by 6.0% in the first quarter. NewEdge Advisors LLC now owns 41,810 shares of the company’s stock valued at $2,500,000 after acquiring an additional 2,381 shares during the period. Integrity Alliance LLC. purchased a new position in General Mills in the first quarter worth about $1,365,000. Intech Investment Management LLC lifted its stake in shares of General Mills by 5.6% in the 1st quarter. Intech Investment Management LLC now owns 194,074 shares of the company’s stock worth $11,604,000 after purchasing an additional 10,213 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in shares of General Mills by 8.6% in the first quarter. Belpointe Asset Management LLC now owns 18,080 shares of the company’s stock worth $1,081,000 after buying an additional 1,429 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GIS has been the topic of several recent research reports. 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 report on Wednesday, December 17th. Bernstein Bank lowered their target price on General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, September 18th. Wells Fargo & Company decreased their price objective on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday. Sanford C. Bernstein set a $54.00 price target on shares of General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Finally, Barclays dropped their price target on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, September 19th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.33.

Insiders Place Their Bets

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

General Mills Stock Up 2.3%

Shares of NYSE:GIS opened at $43.92 on Friday. 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 business’s 50 day moving average is $46.61 and its 200 day moving average is $48.79. The stock has a market cap of $23.44 billion, a P/E ratio of 9.45, a price-to-earnings-growth 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 posted its earnings results 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. 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 analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. General Mills’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. Sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

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

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.