Pacer Advisors Inc. Sells 232,728 Shares of General Mills, Inc. $GIS

Pacer Advisors Inc. reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,061,673 shares of the company’s stock after selling 232,728 shares during the quarter. Pacer Advisors Inc. owned 0.57% of General Mills worth $154,370,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. lifted its stake in General Mills by 101.5% in the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in General Mills in the second quarter valued at approximately $32,000. GKV Capital Management Co. Inc. bought a new stake in General Mills in the first quarter valued at approximately $34,000. Pingora Partners LLC lifted its position in shares of General Mills by 416.7% in the first quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after buying an additional 500 shares during the last quarter. Finally, Traub Capital Management LLC bought a new position in shares of General Mills during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.8%

Shares of General Mills stock opened at $47.00 on Friday. 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 firm has a 50-day moving average of $47.13 and a 200-day moving average of $49.36. General Mills, Inc. has a 52-week low of $45.15 and a 52-week high of $67.35. The stock has a market cap of $25.08 billion, a PE ratio of 10.11, a PEG ratio of 0.88 and a beta of -0.07.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, sell-side analysts forecast 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 Monday, February 2nd. Investors of record on Friday, January 9th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, January 9th. General Mills’s payout ratio is 52.47%.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. HSBC dropped their price target on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, September 18th. Cowen reiterated a “hold” rating on shares of General Mills in a report on Monday, December 15th. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Morgan Stanley set a $47.00 target price on shares of General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Finally, Barclays lowered their price target on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, September 19th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.44.

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.