Sienna Gestion Sells 75,687 Shares of General Mills, Inc. $GIS

Sienna Gestion trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 92.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,949 shares of the company’s stock after selling 75,687 shares during the period. Sienna Gestion’s holdings in General Mills were worth $273,000 at the end of the most recent quarter.

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

Insider Activity at General Mills

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

General Mills Stock Up 1.7%

GIS opened at $44.29 on Monday. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The company has a market capitalization of $23.63 billion, a P/E ratio of 9.52 and a beta of -0.05. The stock has a fifty day moving average of $45.52 and a 200-day moving average of $47.30.

General Mills (NYSE:GIS) last released its quarterly earnings results 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 net margin of 13.51% and a return on equity of 21.41%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $1.40 earnings per share. General Mills’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. On average, equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is presently 52.47%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GIS shares. Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Sanford C. Bernstein decreased their price objective on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research report on Wednesday, February 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 note on Wednesday, February 18th. Mizuho set a $47.00 target price on shares of General Mills in a research note on Monday, February 23rd. Finally, UBS Group set a $46.00 price target on General Mills in a research report on Friday, February 13th. Four equities 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.42.

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.