General Mills, Inc. $GIS Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 98.1% in the 3rd quarter, Holdings Channel reports. The firm owned 9,230 shares of the company’s stock after selling 468,977 shares during the period. Laurel Wealth Advisors LLC’s holdings in General Mills were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in General Mills in the second quarter valued at $417,508,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of General Mills during the second quarter worth about $84,862,000. Diamond Hill Capital Management Inc. grew its holdings in shares of General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock worth $384,625,000 after buying an additional 1,383,913 shares during the last quarter. Nordea Investment Management AB increased its position in General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after acquiring an additional 1,368,041 shares during the period. Finally, First Trust Advisors LP increased its position in General Mills by 67.8% in the 2nd quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock valued at $114,682,000 after acquiring an additional 894,633 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of recent research reports. Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Mizuho set a $47.00 price target on General Mills in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 price target on shares of General Mills in a report on Thursday, December 18th. TD Cowen lowered their price objective on shares of General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Finally, Bank of America downgraded shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.42.

General Mills Trading Down 0.1%

Shares of GIS stock opened at $45.16 on Tuesday. The business’s fifty day moving average price is $45.75 and its 200 day moving average price is $47.46. The firm has a market capitalization of $24.10 billion, a PE ratio of 9.71 and a beta of -0.05. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35.

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

General Mills Announces Dividend

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

Insider Transactions at General Mills

In other General Mills 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 directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

General Mills 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.