Mitsubishi UFJ Asset Management Co. Ltd. Purchases 53,888 Shares of General Mills, Inc. $GIS

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,123,894 shares of the company’s stock after acquiring an additional 53,888 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of General Mills worth $56,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Austin Private Wealth LLC raised its position in General Mills by 5.0% in the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after purchasing an additional 211 shares during the last quarter. Retirement Planning Co of New England Inc. increased its stake in shares of General Mills by 4.2% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after buying an additional 219 shares during the period. Stonebridge Capital Advisors LLC increased its stake in shares of General Mills by 0.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares during the period. AlphaCore Capital LLC raised its holdings in General Mills by 10.9% in the 2nd quarter. AlphaCore Capital LLC now owns 2,343 shares of the company’s stock valued at $121,000 after buying an additional 231 shares during the last quarter. Finally, Tempus Wealth Planning LLC boosted its position in General Mills by 5.7% during the 3rd quarter. Tempus Wealth Planning LLC now owns 4,297 shares of the company’s stock worth $217,000 after buying an additional 231 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on GIS shares. Evercore set a $45.00 price target on shares of General Mills in a research report on Wednesday, February 18th. UBS Group set a $46.00 price objective on shares of General Mills in a research note on Friday, February 13th. Bank of America downgraded General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Finally, Stifel Nicolaus reduced their price target on General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.42.

Insider Activity

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction that occurred on 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 directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

General Mills Stock Performance

Shares of GIS opened at $45.21 on Friday. 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 firm’s fifty day simple moving average is $45.80 and its two-hundred day simple moving average is $47.51. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35. The stock has a market capitalization of $24.12 billion, a P/E ratio of 9.72 and a beta of -0.06.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

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