Nordea Investment Management AB Purchases 1,368,041 Shares of General Mills, Inc. $GIS

Nordea Investment Management AB increased its position in shares of General Mills, Inc. (NYSE:GIS) by 15.9% during the 3rd quarter, Holdings Channel reports. The firm owned 9,956,665 shares of the company’s stock after purchasing an additional 1,368,041 shares during the quarter. Nordea Investment Management AB’s holdings in General Mills were worth $494,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Norges Bank bought a new position in shares of General Mills during the 2nd quarter worth approximately $417,508,000. Worldquant Millennium Advisors LLC bought a new stake in General Mills during the second quarter worth $84,862,000. First Trust Advisors LP boosted its position in General Mills by 67.8% in the second quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock worth $114,682,000 after purchasing an additional 894,633 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in General Mills by 57.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,410,009 shares of the company’s stock valued at $124,863,000 after purchasing an additional 880,090 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of General Mills by 0.8% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Piper Sandler restated an “overweight” rating and set a $60.00 price target on shares of General Mills in a research note on Thursday, December 18th. Bernstein Bank lowered their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, September 18th. Finally, Barclays dropped their price objective on General Mills from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Friday, September 19th. Five 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.33.

General Mills Stock Down 2.5%

General Mills stock opened at $43.49 on Tuesday. The firm has a 50 day simple moving average of $46.51 and a 200 day simple moving average of $48.63. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 9.35 and a beta of -0.06.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS 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 revenue for the quarter was down 7.2% on a year-over-year basis. During the same period 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, analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

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

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.