TD Asset Management Inc Sells 80,357 Shares of General Mills, Inc. $GIS

TD Asset Management Inc reduced its position in General Mills, Inc. (NYSE:GIS) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 703,877 shares of the company’s stock after selling 80,357 shares during the period. TD Asset Management Inc owned approximately 0.13% of General Mills worth $35,489,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GIS. Norges Bank acquired a new position in General Mills during the second quarter worth $417,508,000. Worldquant Millennium Advisors LLC acquired a new position in shares of General Mills during the second quarter valued at about $84,862,000. Diamond Hill Capital Management Inc. increased its position 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 acquiring an additional 1,383,913 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of General Mills by 15.9% in the 3rd 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 last quarter. Finally, First Trust Advisors LP lifted 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 in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $45.21 on Friday. The business’s fifty day simple moving average is $45.80 and its 200 day simple moving average is $47.52. 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 $24.12 billion, a P/E ratio of 9.72 and a beta of -0.06.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business’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 business posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current 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 paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, April 10th. General Mills’s payout ratio is presently 52.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GIS. Piper Sandler decreased their price objective on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Zacks Research cut General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Stifel Nicolaus decreased their price target on General Mills from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 price target on shares of General Mills in a research report on Thursday, December 18th. Finally, Wells Fargo & Company cut their price objective on shares of General Mills from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.42.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 48,568 shares in the company, 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 at this hyperlink. 0.30% of the stock is owned by corporate insiders.

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.