Dimensional Fund Advisors LP Lowers Stock Holdings in General Mills, Inc. $GIS

Dimensional Fund Advisors LP cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,531,129 shares of the company’s stock after selling 362,556 shares during the quarter. Dimensional Fund Advisors LP’s holdings in General Mills were worth $329,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in General Mills by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock worth $3,592,828,000 after purchasing an additional 581,045 shares during the period. State Street Corp grew its position in shares of General Mills by 0.8% during the 2nd quarter. State Street Corp now owns 33,572,271 shares of the company’s stock worth $1,739,379,000 after buying an additional 250,113 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of General Mills by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after buying an additional 265,870 shares during the period. Geode Capital Management LLC increased its stake in shares of General Mills by 1.1% during the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock valued at $786,954,000 after buying an additional 170,587 shares during the period. Finally, Nordea Investment Management AB lifted its stake in General Mills by 15.9% in the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after acquiring an additional 1,368,041 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GIS shares. Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Zacks Research lowered shares of General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Wells Fargo & Company reduced their price objective on shares of General Mills from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Barclays dropped their target price on General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Mizuho set a $47.00 price target on General Mills in a research report on Monday, February 23rd. Four research 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. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus price target of $50.42.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction that occurred on 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 $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 Price Performance

NYSE GIS opened at $43.60 on Friday. The firm’s fifty day simple moving average is $45.57 and its two-hundred day simple moving average is $47.37. 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 12-month low of $42.78 and a 12-month high of $67.35. The firm has a market capitalization of $23.26 billion, a P/E ratio of 9.38 and a beta of -0.05.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue for the quarter 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. Analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.6%. General Mills’s payout ratio is presently 52.47%.

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.