General Mills, Inc. $GIS Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in General Mills, Inc. (NYSE:GIS) by 15.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 148,104 shares of the company’s stock after selling 26,439 shares during the period. Nisa Investment Advisors LLC’s holdings in General Mills were worth $7,467,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GIS. Garde Capital Inc. raised its holdings in General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after buying an additional 264 shares during the period. Davis Capital Management acquired a new stake in shares of General Mills during the third quarter valued at about $29,000. Armstrong Advisory Group Inc. purchased a new stake in shares of General Mills in the 2nd quarter valued at approximately $32,000. Salomon & Ludwin LLC lifted its holdings in shares of General Mills by 1,094.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after acquiring an additional 591 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of General Mills in the 3rd quarter worth approximately $32,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price on shares of General Mills in a report on Thursday, December 18th. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Evercore ISI reiterated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Morgan Stanley set a $47.00 target price on General Mills and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Finally, Sanford C. Bernstein set a $54.00 target price on General Mills and gave the company a “market perform” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred 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 completion of the transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

General Mills Trading Up 1.5%

NYSE:GIS opened at $44.60 on Friday. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35. The firm has a market cap of $23.80 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.83 and a beta of -0.06. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average price of $46.57 and a 200 day moving average price of $48.70.

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

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.5%. General Mills’s dividend payout ratio (DPR) is 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.