General Mills, Inc. $GIS Stock Holdings Increased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 22.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,628,421 shares of the company’s stock after purchasing an additional 1,383,913 shares during the quarter. General Mills accounts for about 1.8% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 18th largest holding. Diamond Hill Capital Management Inc.’s holdings in General Mills were worth $384,625,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its holdings in shares of General Mills by 255.8% during the third quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock worth $3,015,000 after purchasing an additional 42,986 shares during the period. Norges Bank acquired a new stake in shares of General Mills during the 2nd quarter valued at $417,508,000. AE Wealth Management LLC grew its holdings in shares of General Mills by 7.7% during the 3rd quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock valued at $17,445,000 after acquiring an additional 24,688 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of General Mills by 22.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 383,877 shares of the company’s stock valued at $19,889,000 after acquiring an additional 70,800 shares in the last quarter. Finally, Philip James Wealth Mangement LLC increased its stake in shares of General Mills by 55.0% in the third quarter. Philip James Wealth Mangement LLC now owns 208,155 shares of the company’s stock worth $10,495,000 after acquiring an additional 73,877 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Wells Fargo & Company dropped their price objective on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Stifel Nicolaus reduced 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Finally, TD Cowen restated a “hold” rating on shares of General Mills in a report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average price target of $53.33.

General Mills Trading Down 1.0%

Shares of GIS stock opened at $47.91 on Friday. General Mills, Inc. has a 1 year low of $42.78 and a 1 year high of $67.35. The firm’s fifty day simple moving average is $45.89 and its 200 day simple moving average is $47.86. The firm has a market capitalization of $25.56 billion, a P/E ratio of 10.30 and a beta of -0.06. 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 (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The firm 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 company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is 52.47%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction 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 sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by corporate insiders.

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.