Bank of New York Mellon Corp Cuts Position in General Mills, Inc. $GIS

Bank of New York Mellon Corp lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,501,236 shares of the company’s stock after selling 101,472 shares during the period. Bank of New York Mellon Corp owned about 0.66% of General Mills worth $176,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guardian Wealth Advisors LLC raised its holdings in General Mills by 2.7% during the second quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock worth $409,000 after purchasing an additional 209 shares during the last quarter. Austin Private Wealth LLC increased its position in shares of General Mills by 5.0% in the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after buying an additional 211 shares in the last quarter. Retirement Planning Co of New England Inc. raised its stake in shares of General Mills by 4.2% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after buying an additional 219 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of General Mills by 1.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,001 shares of the company’s stock worth $881,000 after buying an additional 226 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in shares of General Mills by 0.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after buying an additional 226 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business’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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. TD Cowen reaffirmed a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Jefferies Financial Group dropped their price target on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Finally, Wells Fargo & Company reduced their price objective on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.33.

General Mills Trading Up 4.1%

Shares of General Mills stock opened at $46.26 on Friday. General Mills, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The business’s fifty day moving average is $45.87 and its two-hundred day moving average is $47.97. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The firm has a market cap of $24.68 billion, a PE ratio of 9.95 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, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The business’s quarterly 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. Analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is presently 52.47%.

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.