General Mills, Inc. $GIS Shares Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 55.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,155 shares of the company’s stock after purchasing an additional 73,877 shares during the period. General Mills accounts for about 1.2% of Philip James Wealth Mangement LLC’s investment portfolio, making the stock its 17th largest holding. Philip James Wealth Mangement LLC’s holdings in General Mills were worth $10,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garde Capital Inc. increased its position in shares of General Mills by 101.5% during the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the period. Davis Capital Management bought a new position in General Mills during the third quarter valued at about $29,000. Armstrong Advisory Group Inc. acquired a new position in General Mills during the second quarter worth about $32,000. Salomon & Ludwin LLC raised its position in 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. Finally, Financial Consulate Inc. acquired a new stake in General Mills in the 3rd quarter valued at about $32,000. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GIS shares. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Cowen restated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. HSBC dropped their price target on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Bernstein Bank reduced their price objective on General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, September 18th. Finally, Morgan Stanley set a $47.00 target price on General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.

General Mills Trading Up 1.5%

General Mills stock opened at $44.60 on Friday. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35. 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 firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.83 and a beta of -0.06. The company has a 50 day moving average price of $46.57 and a 200 day moving average price of $48.70.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.51% and a return on equity of 21.41%. The company’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed 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 is Friday, January 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. General Mills’s dividend payout ratio (DPR) is presently 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.