Vanguard Personalized Indexing Management LLC Purchases 22,503 Shares of General Mills, Inc. $GIS

Vanguard Personalized Indexing Management LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,515 shares of the company’s stock after buying an additional 22,503 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in General Mills were worth $6,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Davis Capital Management bought a new position in General Mills in the 3rd quarter valued at about $29,000. Salomon & Ludwin LLC increased its position in shares of General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after buying an additional 591 shares during the period. Financial Consulate Inc. bought a new stake in shares of General Mills during the 3rd quarter valued at about $32,000. Root Financial Partners LLC bought a new position in General Mills in the third quarter worth approximately $40,000. Finally, Traub Capital Management LLC purchased a new position in shares of General Mills during the second quarter valued at approximately $46,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 0.7%

GIS traded up $0.30 on Wednesday, hitting $45.01. The company had a trading volume of 529,489 shares, compared to its average volume of 8,247,795. The business’s fifty day simple moving average is $46.05 and its 200 day simple moving average is $48.06. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35. The company has a market cap of $24.01 billion, a PE ratio of 9.68 and a beta of -0.06. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last released 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. The business had revenue of $4.86 billion for 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 was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s payout ratio is 52.47%.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GIS. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wells Fargo & Company lowered their price target on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. UBS Group restated a “sell” rating on shares of General Mills in a report on Friday, December 19th. Evercore ISI reaffirmed a “positive” rating on shares of General Mills in a research report on Thursday, December 18th. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 target price on shares of General Mills in a report on Thursday, December 18th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, General Mills presently has an average rating of “Hold” and a consensus target price of $53.33.

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.