LSV Asset Management Sells 478,669 Shares of General Mills, Inc. $GIS

LSV Asset Management lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 13.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,047,300 shares of the company’s stock after selling 478,669 shares during the quarter. LSV Asset Management’s holdings in General Mills were worth $153,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Callan Family Office LLC bought a new stake in General Mills during the second quarter worth approximately $439,000. Concurrent Investment Advisors LLC boosted its holdings in General Mills by 1.3% during the second quarter. Concurrent Investment Advisors LLC now owns 17,001 shares of the company’s stock valued at $881,000 after acquiring an additional 226 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of General Mills by 8.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,064 shares of the company’s stock valued at $884,000 after purchasing an additional 1,307 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in General Mills by 2.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,942 shares of the company’s stock valued at $619,000 after buying an additional 230 shares during the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in General Mills in the 2nd quarter worth approximately $202,000. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Up 0.7%

GIS stock opened at $49.00 on Thursday. The company has a market cap of $26.14 billion, a P/E ratio of 10.54 and a beta of -0.06. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a twelve month low of $42.78 and a twelve month high of $67.35. The business has a fifty day moving average of $46.02 and a 200-day moving average of $47.81.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm 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 expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued 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 yield of 5.0%. General Mills’s payout ratio is currently 52.47%.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction on Friday, December 19th. The shares were 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 of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of several research analyst reports. UBS Group reiterated a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Jefferies Financial Group dropped their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Morgan Stanley set a $47.00 price objective on General Mills and gave the company an “underweight” rating in a report on Wednesday, December 17th. Stifel Nicolaus cut their price objective on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Sanford C. Bernstein set a $54.00 price target on shares of General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

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.