Waters Parkerson & CO. LLC Decreases Holdings in General Mills, Inc. $GIS

Waters Parkerson & CO. LLC reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 207,178 shares of the company’s stock after selling 22,978 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in General Mills were worth $10,446,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GIS. Rakuten Securities Inc. increased its position in shares of General Mills by 41.1% during the third quarter. Rakuten Securities Inc. now owns 3,175 shares of the company’s stock worth $160,000 after purchasing an additional 925 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in General Mills by 0.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 350,649 shares of the company’s stock worth $17,680,000 after buying an additional 2,285 shares during the last quarter. Versant Capital Management Inc increased its position in General Mills by 638.1% during the third quarter. Versant Capital Management Inc now owns 6,658 shares of the company’s stock worth $336,000 after buying an additional 5,756 shares during the period. Kera Capital Partners Inc. increased its position in General Mills by 14.5% during the third quarter. Kera Capital Partners Inc. now owns 4,913 shares of the company’s stock worth $248,000 after buying an additional 623 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its stake in General Mills by 11.4% in the third quarter. Exencial Wealth Advisors LLC now owns 18,295 shares of the company’s stock valued at $922,000 after buying an additional 1,872 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 have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Evercore ISI reissued a “positive” rating on shares of General Mills in a research report on Thursday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 target price on shares of General Mills in a report on Thursday, December 18th. Stifel Nicolaus decreased their target price on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, UBS Group reissued a “sell” rating on shares of General Mills in a report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.33.

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 completion of the transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

General Mills Stock Down 2.4%

Shares of NYSE:GIS opened at $44.51 on Friday. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. 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 firm’s 50-day simple moving average is $46.40 and its 200-day simple moving average is $48.50. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 9.57 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

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.